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The latest move involves an online system to facilitate instant online authorisation for imports under the tariff head 8741. | Latest News India

The new system will come into force from November 1, but importers were allowed to apply for import authorisation from Thursday. There will be no restriction on quantity, value, country or origin. The Cantre will not reject any import requests and will use the data only for monitoring.

IT Hardware: As of now, all companies can bring unrestricted supplies into India and the government will only start monitoring the inbound shipments as part of an import management system from November 1. But restrictions in terms of inbound shipments will come into effect from October/November next year and companies will get quotas.

IT hardware manufacturers such as HP, Dell, Apple, Samsung, Lenovo, Asus, and Acer have sought to know how to calculate the cost, insurance, and freight value of some of these products which are imported to India as completely built-up (CBU) units.

​With a substantial budgetary outlay of more than USD 2 billion, the revised scheme heralds a significant pivot towards bolstering the IT Hardware manufacturing landscape in India, opening the doors for global and domestic supply chains to establish or expand their manufacturing bases in this vibrant market, the association said.