Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Live: Live: Tata Steel earnings decoded
you are here: HomeNewsBusiness

India relaxes customs checks for Chinese-origin goods of US, South Korean companies: Report

Similar relaxations may also be extended to manufacturers heavily dependent on imports

July 01, 2020 / 08:03 PM IST

India has reportedly exempted some companies from South Korea and the US from the mandatory 100 percent physical checks that have been imposed on Chinese-origin imports into the country. Similar relaxations may also be extended to manufacturers heavily dependent on imports, after the move affected supply.

As of now, imports from China, Hong Kong and Macau are subjected to 100 percent physical checks by the customs department at all entry points such as ports and airports. India’s move came after Indian and Chinese troops clashed along the Line of Actual Control (LAC) in Ladakh.

"Some changes have been made to release the consignments of select companies. Shipments of HP, Dell, Samsung and Apple have been cleared following the relaxation. This could also be brought in for manufacturer-importers,” a source told The Economic Times.

Moneycontrol could not independently verify the report.