THE GOVERNMENT Thursday rolled out an ‘import management system’ for IT hardware, including laptops and computers, modifying its initial stance of imposing physical restrictions. The notification comes just days after concerns were raised by US, China, South Korea and Taiwan at a recent World Trade Organisation meeting.
Under the proposed system, IT hardware companies will be required to register and disclose data related to their imports, and countries from which they import, among other things. This comes as a big relief to the industry which feared that the previous licensing notification would lead to a kind of quota system.
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