A Positive Note for the Indian IT Hardware sector: MAIT on recent clarification on Import Management System for IT Hardware by DGFT
New Delhi, 19 September 2023: In light of the recent policy circular issued by the Directorate of Foreign Trade, Government of India, concerning the Import Management System for IT Hardware, MAIT, the country’s leading industry association for IT, Telecom, and Electronics Hardware, expresses its satisfaction.
In this regard, MAIT extends its gratitude to MeitY and DGFT for issuing notifications and policy circulars clarifying that the authorizations issued shall remain valid until September 30, 2024.
Furthermore, MAIT thanks MeitY and DGFT for clarifying that SEZ units and EOUs/EHTP/STPI/BTP are not required to obtain a 'restricted import authorization' for importing IT hardware.
“We appreciate MeitY for acknowledging industry concerns and soliciting industry input to strike a balance between policy objectives and industry interests. This is a positive note for the Indian IT Hardware sector,” said Mr. Nitin Kunkolienkar, President Emeritus, MAIT.
MAIT seeks DGFT’s support to ensure that the registration process on the portal proceeds smoothly and that import authorisations are approved within 24-48 hours.
About MAIT: MAIT is India’s apex electronics Industry association representing the IT, Mobile, Datacom, Consumer Electronics, White Goods, Industrial Electronics and Services subsectors of the Electronics industry. MAIT is recognised by both the Government, as well as the industry for its role in the growth and development of the Electronics industry.
For more information on this or to speak to a spokesperson of MAIT, please contact Parthasarathi Mishra. Email: partha@mait.com | M: 8929335355