new Delhi: The government has put them in a restricted list of items to prohibit the importation of color televisions of different sizes from countries like China. The move, aimed at increasing domestic production and reducing imports of non-essential products, has put a strain on goods coming from countries like China. According to the notification issued by the Directorate General of Foreign Trade (DGFT), regarding the ban on the import of color television, now the import of color television has been removed from the free category to the restricted list.
36 cm effect of restrictions imposed by the government. From 105 cm The TV set will fall on the set.
The restricted category means that importers will now have to take a license from the Directorate General of Foreign Trade, Ministry of Commerce, for import of such items.
Promotion of Self-reliant India Mission
With the ban on the import of TV sets, the government hopes to promote the Self-Reliant India Mission, which focuses on making the country self-sufficient by developing the country’s manufacturing capabilities. The TV industry in India is worth about Rs 15,000 crore with more than 36 percent coming mainly as imports from China and South East Asia.
The government is changing the export import policy for TV sets, as many of these imports are coming under low / zero duty under the current ASEAN India FTA, which cannot be controlled through increased duty. Therefore, an action like import ban is one of the main actions available to the government.
63 cm apart from normal TV sets of different sizes. LCD TV sets of less than this will also have an impact. That is, LCDs less than this size have also been included in the restricted list of imports.
The DGFT notification states that the actual user condition will not apply to importers applying to the Authority to import ‘restricted’ goods in this ‘notification’.
The notification states that the process of granting licenses will be issued by DGFT separately.
Government sources said the action was taken only after extensive consultations with the industry and finding ways to reduce imports. Sources said that this is not a one-sided exercise done by the government without taking the industry into confidence.