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Government may license import of ACs, TVs to check shipments

The government is looking to license the import of 10-12 items, including air conditioners and several of its components, and parts of television sets with twin objects of discouraging import of foreign goods, especially those from China and simultaneously boosting domestic production. Few months ago the government had initiated product licensing on agarbatti, palm oil and tyres and has since then expanded the list in recent weeks. Unlike duty hikes, which are across the board, licensing can allow for import from select countries. Similarly, entry through designated ports helps monitor the goods better without holding up entry of all items.

Read More at The Economic Times News date : 30 Jun 2020, Tuesday

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