Authorities provides restrictions to import of color TVs in transfer to advertise Indian manufacturing- Expertise Information, Firstpost
Press Belief of IndiaJul 31, 2020 18:00:22 IST
The federal government on Thursday imposed restrictions on imports of color tv, a transfer geared toward selling home manufacturing and reduce inbound shipments of non-essential objects from nations like China.
“Import coverage of color tv…..is amended from free to restricted,” Directorate Basic of Overseas Commerce (DGFT) stated in a notification.
Placing an merchandise beneath restricted class of imports means the importer of that commodity must search licence from the commerce ministry’s DGFT for the imports.
The main exporters of TV units embody China, Vietnam, Malaysia, Hong Kong, Korea, Indonesia, Thailand, and Germany.
The curbs are imposed on TV units of display screen dimension starting from as much as 36 cm to over 105 cm. Liquid crystal show (LCD) tv units of display screen dimension beneath 63 cm are additionally coated beneath the restrictions.
India imported color TV price USD 781 million in 2019-20. Imports from Vietnam and China stood at USD 428 million and USD 293 million respectively within the final monetary yr.
Commenting on the event, President and CEO Panasonic India Manish Sharma stated that buyers are going to get top quality assembled TV units now.
“It would undoubtedly have a optimistic affect on home assembling which occurs right here. Main manufacturers have already got manufacturing and assembling items within the nation. So, it’s not going to affect us,” he stated.
The transfer could have a procedural affect, he added.
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