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HomeIndirect TaxesIT Hardware Import Authorizations In 'Restricted' Category Can Now Be Applied For...

IT Hardware Import Authorizations In ‘Restricted’ Category Can Now Be Applied For Import Authorizations: DGFT

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The Directorate General Of Foreign Trade (DGFT) has notified that IT Hardware Import authorizations in the ‘restricted’ category can now be applied for Import Authorizations valid until December 31, 2024.

Existing Import Authorizations issued before September 30, 2024, will remain valid until December 31, 2024.

Importers are required to apply for fresh authorizations for the period starting from January 1, 2025, pending the release of detailed guidelines.

Attention is drawn to 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, whereby Import of certain specified IT Hardware was ‘Restricted’. Further, reference is invited to clarifications issued vide Policy Circular No. 06/203-24 dated 19.10.2023 on the said subject regarding establishing Import Management system.

Import Authorizations

Read More: DGFT Amends Import Policy Of Areca Nuts

In partial modification of Policy Circular No. 06/2023-24 dated 19.10.2023, it is clarified that the importers are allowed to apply for Import Authorisations which will be valid up to 31.12.2024. Further, the existing Import Authorisations issued till 30.09.2024 will continue to be valid up to 31.12.2024.

All other provisions of the Policy Circular No. 6/2023-24 dated 19.10.2023 remain applicable.

Circular Details

Circular No. 07 /2024-25

Date: 24/09/2029

Read Circular

Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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