Business »  Topic »  Import Blockage: Relief for Korean, Japanese, US firms; Chinese still stuck

Import Blockage: Relief for Korean, Japanese, US firms; Chinese still stuck


Tier 3 is the highest category and importers make to this grade after long years and distinguished track record. (Representative image)

A week after the customs authorities clamped down on import consignments coming from China by subjecting them to physical checks reportedly on alerts of some contraband, there’s some respite for around 11 companies, which include the likes of LG Electronics, Samsung India, Toyota Kirloskar, Honda Cars, Siemens, and HP India.

These firms fall under Tier 3 AEO (authorised economic operators) importers and after the representation of the electronics body, India Cellular and Electronics Association (ICEA), the authorities have ...


Read the full text financialexpress