Update on Toys (Quality Control) Amendment Order, 2024
We are pleased to inform our readers about the recent announcement by the Ministry of Commerce and Industry regarding the Toys (Quality Control) Amendment Order, 2024. This notification, which comes into effect immediately upon publication in the Official Gazette, introduces important provisions aimed at supporting research and development in the toys sector.
Key Highlights of the Amendment:
| S.no | Key points | Description |
|---|---|---|
| 1 | Research and Development Exemption | The new amendment allows manufacturers certified by the Bureau or those who have applied for certification to import up to 300 units (with a maximum of 5 units per type) of toys and related parts each financial year. This exemption is specifically intended for research and development purposes. |
| 2 | Commercial Sale Restrictions | It’s crucial to note that these imported goods are strictly for R&D purposes and cannot be sold commercially. Once the research is completed, the imported items must be disposed of as scrap. |
| 3 | Record-Keeping Requirements | Manufacturers taking advantage of this exemption are required to maintain comprehensive records of the imported items on a year-wise basis. Additionally, they must submit this information to the Department for Promotion of Industry & Internal Trade (DPIIT) along with a declaration affirming compliance with the amendment. |
Implications for Manufacturers:
This amendment is a significant step forward in fostering innovation within the toys industry. By easing restrictions on imports for R&D, manufacturers can now explore new designs and materials without the immediate pressure of commercial sales. This will likely enhance the quality and safety of toys produced in India, aligning with global standards. Moreover, the requirement for record-keeping ensures accountability and transparency in the import process, which is vital for maintaining quality control in the industry.
Conclusion:
The Toys (Quality Control) Amendment Order, 2024 represents the government’s commitment to enhancing the toys sector through innovation and quality improvement. We encourage all manufacturers to familiarize themselves with these new provisions and take advantage of the opportunities they present for growth and development. For further details or assistance regarding compliance with this amendment, please do not hesitate to reach out. Stay tuned for more updates on regulatory changes and industry news!
