Credit system to replace laptop import licensing
Financial Express Mumbai|September 23, 2023
IN A BIG relief for global majors like Apple, Samsung, among others, their IT hardware imports comprising laptops, tablets, personal computers and servers will not face licensing or quotas from November 1, as was initially announced by the government.
JATIN GROVER
Credit system to replace laptop import licensing

Sources said that at a meeting with industry representatives on Friday, the ministry of electronics and information technology (Meity) has indicated that the government will move towards a credit-based system, wherein these players will have to register under an import management system.

Under the credit-based system, manufacturers will be assessed on three criteria: their past year's imports, progress on domestic manufacturing of IT hardware products, and exports from India. Based on their performance on these parameters the government will allot them credit points which can be used to import laptops and other IT hardware products.

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