On August 8th, AMCHAM’s Hyderabad Chapter organized a session on the restriction of import of laptops, tablets, etc., in line with the recent notice issued by the Government of India. The new regulations are set to take effect from November 1, 2023, allowing a grace period for compliance. Ms. Aisha Hussaini, Partner, EY, expertly led the session as the keynote speaker. She covered crucial aspects of the Import License Notification, which was released on August 3, 2023, and provided insights into various exceptions to the import restrictions. Ms. Hussaini emphasized that until October 31, 2023, shipments could still be cleared without requiring the import license. Additionally, she shed light on the key issues pertaining to imports by SEZ/STP and EOU units, as well as the treatment required in case of debonding of such assets. The Q&A segment was conducted seamlessly, with all participants’ enquiries addressed effectively and comprehensively. The session concluded with a sense of clarity and preparedness for the upcoming changes in import regulations, ensuring that participants were well-informed and equipped to navigate the new requirements.
By joining AMCHAM India, you become part of an active and dynamic Apex Chamber of U.S. Industry in India with a membership base of more than 400 American companies in India. AMCHAM is an important voice for policy advocacy, a critical source for business intelligence, a vibrant platform for networking and expanding your business.