Celebrate this Diwali with pride. For the first time in two decades, Indian decorative electrical goods are available at cheaper rates than Chinese items in local markets. The import of Chinese goods has dropped by 75% in the city. Centre’s strategic change in customs duty and obtaining BIS certification for foreign goods has led to cut in imports.This year, about 250 containers of Chinese electrical goods like lamps have arrived for Diwali sale.
This is against over 1,000 containers imported earlier. This led to drop in imports by 75%. The campaign launched to boycott Chinese products on Diwali, anger against intrusion of Chinese army in Doklam on June 16, 2017, and strategic change in customs duty have broughtthis change. Traders of Maharani Road told Free Press that for the first in 18 years electrical items manufactured in the country are cheaper than Chinese items and their quality is betterThey said local markets did not have many Indian goods earlier and whatever was available was costlier than Chinese items. As a result, Chinese goods ruled Indian markets. For the first time, Indian decorative electrical items are almost 25% cheaper than Chinese imported goods.
This year, 250 containers of such items have been imported in city. Last year, more than 1000 containers had arrived. -Dinesh Pandey, member, Indore Electric Merchants Association Central Government did strategic change in custom duty structure on electrical items imported from China. Custom duty on raw material imported from China reduced and duty on finished goods was increased.
This made Indian goods cheaper than the Chinese. -Swapnil Jain, Chartered Accountant. Earlier there was no provision of checking the quality of imported goods. Chinese were milking this drawback and throwing the substandard goods in the India. On the basis of my detailed presentation central government made mandatory for every trader to obtain BIS certificate of imported goods from May 23, this year. This helping in checking the low cost substandard goods from China in India. -Rajendra Gupta, Whist blower of the matter