Govt mulling imposition of import restrictions on TV sets; move aim to cut inbound shipments of non-essential items

The government is mulling imposing import restrictions on television sets with an aim to cut inbound shipments of non-essential items, sources said

Press Trust of India February 13, 2020 15:22:03 IST
Govt mulling imposition of import restrictions on TV sets; move aim to cut inbound shipments of non-essential items
  • 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

New Delhi: The government is mulling imposing import restrictions on television sets with an aim to cut inbound shipments of non-essential items, sources said.

Both the Ministry of Electronics and Information Technology (MeitY) and the commerce ministry are discussing a proposal in this regard, they said.

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.

Govt mulling imposition of import restrictions on TV sets move aim to cut inbound shipments of nonessential items

Representative image. Reuters.

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.

The government is also likely to impose restrictions on imports of furniture with a view to boost domestic manufacturing and reduce inbound shipments of non-essential items.

The government has earlier his month imposed similar restrictions on imports of refined palm oil.

Out of over $500 billion worth of imports in 2018-19, products imported under 'others' category accounted for over $100 billion.

Updated Date:

also read

Veteran actor Tabassum passes away due to cardiac arrest at 78
Entertainment

Veteran actor Tabassum passes away due to cardiac arrest at 78

A prayer meeting in her memory will be held here Monday evening, the family informed. Born in 1944 in Mumbai to Ayodhyanath Sachdev and Asghari Begum, Tabassum started her career as a child artiste with the 1947 movie “Nargis”.

CGPSC Chhattisgarh SSE 2022 notification out, check details here
Education

CGPSC Chhattisgarh SSE 2022 notification out, check details here

The candidates who qualify for the Preliminary exam will be eligible to appear in the Mains

Who was Aindrila Sharma, Bengali television actress who died at 24?
Entertainment

Who was Aindrila Sharma, Bengali television actress who died at 24?

Actress Aindrila Sharma died after a week-long battle for life following a brain stroke.