'Over $4 bn imports so far this fiscal under management system for laptops & tablets'

With the deadline for review of import management system for laptops and other IT products nearing, the companies which have received authorisations have imported these products worth over $4 billion so far this fiscal, an official said.

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These imports stood at $8.4 billion in 2023-24 and most of these imports were coming from China, the official said.

In October last year, the government rolled out an import management/authorisation for imports of laptops, personal computers and certain other IT hardware products.

The system is aimed at monitoring inbound shipments of these items into the country without hurting market supply.

The importers are allowed to apply for multiple authorisations and those authorisations would be valid up to September 30, 2024.

The authorisations will be issued for any number of consignments for imports till September.