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Authorities places import restrictions on color tv

Summary

(Consultant picture) NEW DELHI: The federal government on Thursday imposed restrictions on imports of color tv, a transfer aimed toward selling home manufacturing and minimize inbound shipments of non-essential objects from nations like China. “Import coverage of color tv…is amended […]

(Consultant picture)

NEW DELHI: The federal government on Thursday imposed restrictions on imports of color tv, a transfer aimed toward selling home manufacturing and minimize inbound shipments of non-essential objects from nations like China.
“Import coverage of color tv…is amended from free to restricted,” Directorate Common of International Commerce (DGFT) stated in a notification.
Placing an merchandise beneath restricted class of imports means the importer of that commodity should search licence from the commerce ministry’s DGFT for the imports.
The key exporters of TV units to incorporate China, Vietnam, Malaysia, Hong Kong, Korea, Indonesia, Thailand and Germany.
The curbs are imposed on TV units of display screen dimension starting from as much as 36 cm to over 105 cm. Liquid crystal show (LCD) tv units of display screen dimension under 63 cm are additionally lined beneath the restrictions.
India imported color TV price $781 million in 2019-20. Imports from Vietnam and China stood at $428 million and $293 million respectively within the final monetary 12 months.
Commenting on the event, president and CEO Panasonic India Manish Sharma stated that customers are going to get top quality assembled TV units now.
“It can undoubtedly have a constructive influence on home assembling which occurs right here. Main manufacturers have already got manufacturing and assembling models within the nation. So, it isn’t going to influence us,” he stated.
The transfer can have a procedural influence, he added.

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