Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Govt exempts imported PoS machine from BIS labelling.


Date: 23-12-2016
Subject: Govt exempts imported PoS machine from BIS labelling
NEW DELHI: To facilitate cashless payments, government has exempted imported Point of Sales machines from mandatory BIS-labelling till March 31 to expedite their shipments.

The ministry of electronics and IT has given nod to a proposal of finance ministry "to allow the import of non-labelled BIS registered Point of Sales terminals" complying to certain conditions.

The merchant will be given clearance for import if he presents valid registration number issued by BIS for particular model of PoS being imported along with manufacturer's details. Also, the merchant will need to label products at the port before the release of consignment.

"In order to facilitate the implementation of cashless digital payment and to allow the import of non-labelled BIS registered PoS terminals, this ministry has granted special exemption till March 31, 2017 for import of non-labelled PoS terminals," MEITY said in its letter to the excise and customs department.

The letter said that ministry of finance had requested MEITY to provide special exemption to PoS machines as they are being imported in country to promote cashless and digital payments eco-system.

An SBI research report said that the country has 15.1 lakh PoS machines but may need an additional 20 lakh more if digitisation has to gain traction.

As per rules, it is mandatory for PoS machines that are imported in the country to BIS certification and accordingly bear BIS standard logo for clearance at Indian customs for sale in the country. BIS is implementing agency. Customs department allows import of goods covered under it as per direction of MEITY and BIS.

Source: timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.

Date: 17-09-2025
NOTIFICATION No. 14/2025 – Central Tax
Seeks to notify category of persons under section 54(6).



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001