TaxTMI 
TaxTMI 
Navigating the Evolving Landscape of IT Hardware Import Regulations in India: Analyzing the DGFT Circulars of October 2023 and January 2024
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....br>Dated:- 16-1-2024<br>Circular No. Policy Circular No. 09/2023-24 - Dated: 12-1-2024 - Clarification regarding Import Policy Provisions for Laptops, Tablets, All-in-one Personal Computers and Ultra Small Form Factor Computers, Servers under HSN 8471 Introduction In recent months, the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, Government of India, ha....
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....veral important points: * Exemptions for SEZ and Other Units: Special Economic Zone (SEZ) units and others like EOUs/EHTP/STPI/BTP are exempted from obtaining a 'restricted import authorization' for the import of IT hardware, restricted as per Notification 23/2023 dated 03.08.2023. This exemption is allowed solely for the captive consumption of these units. * Freedom for Spare Part....
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....ubject to the overall value of the import authorization remaining unchanged​​. Key Provisions of the January 2024 Circular The January 2024 circular, Policy Circular No. 09/2023-24, provides further clarification: * The circular specifies that the import of Laptops, Tablets, All-in-one Personal Computers, Ultra-small form factor Computers, and Servers falling under HSN 8471 is '....
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....ing. This approach could foster an ecosystem for IT hardware production within India, leading to potential job creation, skill development, and technological progress. For the trade and industry, these circulars necessitate a strategic re-evaluation of their supply chains and procurement strategies. Companies reliant on imported IT hardware will have to navigate the new import authorisation proce....