<p>Welcoming the government decision to restrict imports of colour TVs, the Indian Cellular and Electronics Association (ICEA) on Friday said the move will help to boost domestic manufacturing.</p>.<p>“The industry was surprised by the government’s new decision to restrict the import of Colour TVs clocking upto Rs 600-700 crores per month a substantial portion of which was coming from the zero-duty FTA ASEAN countries,” the ICEA Chairman Pankaj Mohindroo said in a statement.</p>.<p>“The restrictions mandated through the Import licensing regime as per the new GOI notification will stop the unrestricted inflow of finished goods/CBUs. Imports of CBUs in 2019-20 crossed Rs 5,000 crores.”</p>.<p>“We should now, as an industry, and as a nation, rapidly build huge capacities for exports, and also build the component industry, especially the open cell/display industry,” he said.</p>.<p>He also requested that the import restriction must apply on future imports and not on goods in transit which are estimated to be worth Rs 500-600 crore.</p>.<p>“It is recommended that the government should issue stock and sales licensing model for goods already in transit and commitments already made for firm contacts,” the body said.<br /> </p>
<p>Welcoming the government decision to restrict imports of colour TVs, the Indian Cellular and Electronics Association (ICEA) on Friday said the move will help to boost domestic manufacturing.</p>.<p>“The industry was surprised by the government’s new decision to restrict the import of Colour TVs clocking upto Rs 600-700 crores per month a substantial portion of which was coming from the zero-duty FTA ASEAN countries,” the ICEA Chairman Pankaj Mohindroo said in a statement.</p>.<p>“The restrictions mandated through the Import licensing regime as per the new GOI notification will stop the unrestricted inflow of finished goods/CBUs. Imports of CBUs in 2019-20 crossed Rs 5,000 crores.”</p>.<p>“We should now, as an industry, and as a nation, rapidly build huge capacities for exports, and also build the component industry, especially the open cell/display industry,” he said.</p>.<p>He also requested that the import restriction must apply on future imports and not on goods in transit which are estimated to be worth Rs 500-600 crore.</p>.<p>“It is recommended that the government should issue stock and sales licensing model for goods already in transit and commitments already made for firm contacts,” the body said.<br /> </p>
