The commerce ministry notifies new import policy for LED products and control gears for such items.
Let’s summarise the Notifications issued:-
DGFT Notification No 32/2015-2020
DGFT vide Notification No. 32/2015-2020 dated September 17, 2020, has provided for insertion of policy condition in chapter 85 and 94 of ITC (HS), 2017, Schedule -I (Import Policy) in which the directorate general of foreign trade (DGFT) said that randomly selected consignments will be sent to BIS recognised labs for testing
For such consignments, clearance would be given by customs to only those where the randomly selected sample has complied with the requirements of the standard for the defined parameters.
Customs to give clearance
The government had made customs liable for giving clearance to randomly pick up a sample. These clearances will be based on samples matching the terms of standards. “Further, for such consignments, clearance would be given by customs to only those consignments where the randomly selected sample has complied with the requirements of the standard for the defined parameters.
However, if the sample has drawn fails to meet the requirements of, such consignment will be sent back or will be destroyed at the cost of the importer.
New import policy for LED products
The New import policy for LED products has implemented by DGFT. According to a statement by the Component Manufacturers Association (ELCOMA), the Indian LED market is expected to rise to Rs 261 billion by 2020, which is around 80 per cent of the total lighting industry. The main demand-generating application areas include street lighting, residential lighting, office space lighting and industrial lighting.
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