Indira Gandhi Resurrects. TV Sets Import Licensing Returns
·
Move to give Boost to 'Make in India'
·
Govt
Puts Import Restrictions on Colour Television
·
High Customs Duty of 20 percent and
18/28 percent IGST
·
Big Demand for Negative List Licences for Stock and Sale Expected
India
on Thursday imposed restrictions on the import of colour
television sets, bringing back curbs it had lifted almost two decades ago, in a
measure to encourage domestic production.
Imports
of TVs in certain categories will now require a licence
from the government. “Import policy of colour television
sets was amended from ‘free’ to ‘restricted’,” the Directorate General of
Foreign Trade (DGFT) said in a notification dated 30 July, 2020. Separate
procedure for the grant of licence will be issued.
The
curbs are applicable to TV sets included in the ‘other colour’
category that covers LCD TVs among the goods. There is no restriction on
monochrome TVs.
The
total imports under the restricted category in fiscal 2020 were $781 million.
Of these, Vietnam and China accounted for $428.37 million and $292.48 million,
respectively.
India
has a Free Trade Agreement (FTA) with the Asean bloc
that includes Vietnam. Electronics goods from China are suspected to be routed
to India through the Southeast Asian country. Industry executives said the move
would help stop indiscriminate import of TV sets from China and other countries
like Thailand and Malaysia through the FTA route.
India
had relaxed quantitative restrictions on the import of 1,429 items including TV
sets in 2000 and 2001 under WTO pressure.
At
present, around 35% of TV sets sold in the country are imported.
Goods
in transit of some 800 crores will be affected. Those with irrevocable LCs can
be cleared under protection to past commitments (Para 1.05 of FTP. Others
should be cleared under fresh licences covering goods
in transit position will be cleared only after issue of Trade Notice.
[Notification
No.22/2015-2020 dated 30 July 2020]
Effect
of the Notification: Import policy of colour
television sets under HS code 8528 7211 to 8528 7219 is amended from 'Free' to
'Restricted'.
Subject: Amendment in import policy of items under Exim
Code 8528 72 of Chapter 85 of ITC (HS), 2017, Schedule - I (Import Policy).
S.O. 1: In exercise of powers conferred by Section 3 of
FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade
Policy, 2015-2020, as amended from time to time, the Central Government hereby
amends the Import Policy of items under EXIM Code 8528 72 of chapter 85 of ITC
(HS), 2017, Schedule- I (Import Policy).
|
Exim
Code |
Item
Description |
Present
Policy |
Revised
Policy |
|
8528
72 |
Other,
colour: |
|
|
|
8528
72 11 |
Television
set of screen size upto 36 cm |
Free |
Restricted |
|
8528
72 12 |
Television
set of screen size exceeding 36 cm but not exceeding 54 cm |
Free |
Restricted |
|
8528
72 13 |
Television
set of screen size exceeding 54 cm but not exceeding 68 cm |
Free |
Restricted |
|
8528
72 14 |
Television
set of screen size exceeding 68 cm but not exceeding 74 cm |
Free |
Restricted |
|
8528
72 15 |
Television
set of screen size exceeding 74 cm but no exceeding 87 cm |
Free |
Restricted |
|
8528
72 16 |
Television
set of screen size exceeding 87 cm but not exceeding 105 cm |
Free |
Restricted |
|
8528
72 17 |
Television
set of screen size exceeding 105 cm |
Free |
Restricted |
|
8528
72 18 |
Liquid
crystal display television set of screen size below 63 cm |
Free |
Restricted |
|
8528
72 19 |
Other |
Free |
Restricted |
Actual user condition would not be applicable for
importers applying for an authorization to import the goods 'Restricted' in
this Notification. The procedure for grant of license will be separately issued
by DGFT.
This
issues with the approval of Minister of Commerce & Industry.
(File
No.01/89/180/39/AM-13/PC-2(A)/Vol.II/E-2261)