The ministry of electronics and information technology (Meity) on Friday discussed with stakeholders two new criteria in the new import licensing regime. It proposed a move to link the import of information technology (IT) hardware like laptops, tablets, personal computers, and small servers to a company’s domestic manufacturing value as well as to the value of its export of electronic products, such as IT hardware, mobile phones, wearables, hearables and telecom products.
In simple terms, companies will be given credit against their exports and domestic production, and the credit can be used for imports.
A few weeks ago, the government came out with an import licensing regime for the import of IT products. Under this, each company is to have