The government of India has restricted the import of colour televisions. This move by the Indian Government came to promote domestic manufacturing and reduce inbound shipments from countries like China.
“Import policy of colour television…..is amended from free to restricted,” a notification from the Directorate General of Foreign Trade (DGFT) in a notification on July 30 said.
“Actual user condition would not be applicable for importers applying for an authorization to import the goods ‘Restricted’ in this Notification. The procedure for grant of the license will be separately issued by DGFT,” the notification said.
TV sets of all screen sizes are imposed under the restriction. The restriction also covered TV sets of screen sizes ranging from 36 cm to over 105 cm. LCD TV sets having sizes below 63 cm are also put under the restriction.
Now, after the items are put under the restricted category, this means that the restricted commodity’s importer will have to take an import licence from the Commerce Ministry’s DGFT.
TV sets in India are majorly imported from China. Other countries that heavily contributes to the exporting of TV sets in India are Korea, Hong Kong, Indonesia, Vietnam, Malaysia, Germany, and Thailand.
In the Financial year 2020, imports of colour TV worth dollar 781 million were imported from Vietnam. Moreover, China imported TV sets worth dollar 428 million and dollar 293 million respectively in the Financial year 2019.
Manish Sharma, CEO and President of Panasonic India was positive about the development. He said that the move will have a procedural impact. He added that the move will surely have a positive impact on all domestic assembling happening here.
Further, he said that all leading brands have the assembling and manufacturing units in India, so, the restriction on TV sets import will not have an impact on India.