SME Times is powered by   
Search News
Just in:   • Govt, RBI discussing on allowing co-op banks to lend under ECLGS  • Confidence of Indian workforce steadily rising: LinkedIn survey  • CAIT seeks barring Huawei, ZTE from India's 5G plans  • 'Customers looking for alternates amid rising petrol, diesel prices'  • India saw record notebook sales in Q2, HP led overall PC market: IDC 
Last updated: 31 Jul, 2020  

TV.THMB.jpg Colour TV import restrictions should apply to future goods: ICEA

   Top Stories
» Govt, RBI discussing on allowing co-op banks to lend under ECLGS
» 'India wants reciprocal trade with the world'
» FM launches online dashboard for the National Infrastructure Pipeline
» Goyal calls upon more traders to join GeM
» 'Incentivising domestic manufacturing of API positive step'
SME Times News Bureau | 31 Jul, 2020
After the government targeted China with a new import restrictions on colour television, mobile and electronics industry body India Cellular and Electronics Association (ICEA) on Friday demanded that these import restrictions should only apply for future imports after the clearance of goods in transits.

The Directorate General of Foreign Trade (DGFT), an arm of the Ministry of Commerce and Industry, on Thursday issued a notification changing the import policy of colour television (TV) from free to restricted category.

The move that comes amid India's border tensions with China follows the decision to ban 59 Chinese apps last month.

ICEA Chairman Pankaj Mohindroo said that the government should issue a stock and sales licensing model for goods already in transit.

As per the current estimations, approximately Rs 500-600 crore worth of goods may be stuck in various ports and consignments currently in high seas which can lead to piling up of goods in transit, ICEA said.

"ICEA is duty-bound to replicate the mammoth success witnessed in the mobile handset and its components manufacturing sector in various electronics hardware verticals including colour TVs," Mohindroo added.

The industry body said that though the move to put restrictions on colour TV import is considered to be an important step towards encouraging the domestic colour TV manufacturing industry to grow, the government also needs to consider and adopt industry-focussed and manufacturing focussed policies as key strategic elements as part of this important objective.

The corresponding support to the market development and manufacturing activity relating to colour TV requires a major revamp including a cut in goods and services tax (GST) rate, ICEA said.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 11 Aug, 2020
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» Offshore wind will 'surge' to over 234 GW by 2030; India lags behind(1)
» Aluminium sector for MEIS scheme as exports at stake(1)
» Importance of technology in Indian agriculture(1)
» One time loan restructuring(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter