The Directorate General of Foreign Trade ( DGFT ) has issued Policy Circular No. 07/2024-25, dated September 24, 2024, which outlines the procedure for implementing previous notifications regarding the import of specified IT hardware.
These notifications, specifically Notification No. 23/2023 (dated August 3, 2023), Notification No. 26/2023 (dated August 4, 2023), and Notification No. 38/2023 (dated October 19, 2023), had restricted the import of certain IT hardware.
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Import of certain specified IT Hardware was ‘Restricted’ through DGFT Notification No. 23/2023, dated 03rd August 2023 read with Notification No. 26/2023, dated 4th August 2023 and Notification No. 38/2023, dated 19th October 2023.
Importers are now allowed to apply for import authorizations for the specified IT hardware, and these authorizations will remain valid until December 31, 2024. This provision extends the validity of any previously issued authorizations, which were initially valid until September 30, 2024, up to the new date.
Starting from January 1, 2025, importers will need to apply for fresh authorizations. The DGFT will issue detailed guidelines for this process in due course.
All other provisions from Policy Circular No. 06/2023-24, dated October 19, 2023, remain applicable. These earlier guidelines established the import management system for restricted IT hardware.
The earlier notification revised the guidelines to Exemption from import authorisation IS
provided up to 20 items per consignment for and R&D, Testing, Benchmarking Evaluation, Product Development purposes.
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Exemption is further provided for import return and/or repair and/or for replacement of IT Hardware sold earlier as well as re-import of such items repaired abroad on self-certification basis.
The policy revision allows for smoother transitions for businesses importing IT hardware, ensuring they have sufficient time to comply with new import regulations.
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