India puts imports of television sets on Restricted List
The Narendra Modi government on Thursday imposed import restrictions on television sets with an aim to cut inbound shipments of non-essential items.
The Narendra Modi government on Thursday imposed import restrictions on television sets with an aim to cut inbound shipments of non-essential items.
"Import policy of colour television.....is amended from free to restricted," Directorate General of Foreign Trade (DGFT) said in a notification.
Putting an item under restricted category of imports means that the importer of that commodity would have to seek a licence from the commerce ministry's Directorate General of Foreign Trade (DGFT) for the imports.
Imports of TV stood at about $1 billion during 2018-19. China ($535 million in 2018-19) is the largest exporter of TV sets in India. It was followed by countries like Vietnam ($327 million), Malaysia ($109 million), Hong Kong ($10.52 million, Korea, Indonesia, Thailand, and Germany.
(This is a developing story. Check back for more details)
First Published: Jul 30, 2020 9:41 PM IST
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