With the government stepping up vigilance on imports of electronics, white goods, set-top boxes, mobile phones from countries with which India has free trade agreements (FTAs), the consumer durables industry is hoping that issues surrounding the misuse of the FTA route to bring in cheaper imports while escaping duties will get addressed.

Pankaj Mohindroo, Chairman, India Cellular & Electronics Association, said that the industry body has consistently been highlighting to the Finance Ministry and Commerce Ministry that “infringement of value addition in the rules of origin and mis-classification are damaging the domestic manufacturing industry.”

“We are glad that the rules needed to enforce Section 28DA, which was introduced in the 2020 Union Budget, have been notified. We are confident that Customs authorities will use these rules judiciously to come down heavily on unethical and errant importers and at the same time ensuring that genuine importers’ operations are not disrupted,” he

Read More