Indirect Tax Alert : Amendment to the Import Policy under HSN 8471

The Import Policy Condition for import of goods under HSN Code has been inserted vide Notification no.:23/2023 dated 3 August 2023 issued by the Directorate General of Foreign Trade. The gist of the Import Policy Condition is summarised hereunder:

• Import of Laptops, Tablets, All-in-one Personal Computers, and Ultra small form factor Computers and Servers falling under HSN 8471 shall be ‘Restricted’ and their import would be allowed against a Valid License for Restricted Imports.
• The aforesaid Import Policy Restriction would not apply to the following:
  • Imports under Baggage Rules.
  • Import of 1 Laptop, Tablet, All-in-one Personal Computer, or Ultra small form factor Computer, including those purchased from e-commerce portals, through post or courier, subject to payment of applicable customs duties.
  • Re-import of goods repaired abroad.
  • Import of 20 such items per consignment for the purpose of Research & Development, Testing, Benchmarking and Evaluation, repair and re-export, Product Development, subject to the condition that
    • Such goods are used for the stated purposes and will not be sold; and
    • After use, such goods would either be destroyed beyond use or re-exported.
  • Laptops, Tablets, All-in-one Personal Computer, and Ultra small form factor Computers and Servers which are an essential part of a Capital Good.

[Notification no.:23/2023 dated 3 August 2023]