|
|
|
Colour TV import restrictions should apply to future goods: ICEA
|
|
|
|
Top Stories |
|
|
|
|
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.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|