Furniture Import Likely to be Curbed

Wooden Office Furniture Designs

Amid concerns of cheap goods flooding the market and pushing out domestic manufacturers, the government is all set to clamp down on import of furniture. With the commerce department having already undertaken a detailed analysis on furniture imports, an official decision is expected over the next few days.

As a part of a strategy to boost the 'Make in India' initiative, the government over the last few months has stepped up its effort to reduce non-essential imports. In fact the government has identified over 350 non-essentials imports on which quality standards, higher duties as well as licensing (as opposed to free imports) are being worked out. The decision to clamp down on import of furniture is a part of the larger objective. If reports are to be believed, the ministry has proposed to increase import duty on wooden furniture to 30% from the current 20%.

According to industry analysts, over the last few years furniture imports have emerged as an area of concern owing to a massive problem of under-invoicing. The value of the goods being shipped into the country is shown to be lower than the actual import price, thereby denying customs duty to the exchequer. As per industry reports, in 2018-19, furniture imports were estimated at $1.8 billion (around Rs 12,500 crore), of which office furniture was largely ‘Made in China’ and suffered from poor quality. Commerce department data shows that out of the $1.8 billion furniture import close to $1 billion came from China. The trend continued between April and November 2019, with imports estimated at around $1.1 billion, of which Chinese shipments were about $637 million.




Post Your Comment

"Content that powers your Business. News that keeps you informed."

Surfaces Reporter is one of India's leading media in Print & Digital Telecast for News on Interiors & Architecture Projects, Products, Building Materials, and the Business of Design! Since 2011, it serves as a referral for designers & architects to know about inspiring projects and source new products. If you have a Product or Project worth publishing in Surfaces Reporter, please email us or you can also submit your project online.

Like Surfaces Reporter on Facebook | Follow us on Twitter and Instagram | Subscribe to our magazine | Sign Up for the FREE Surfaces Reporter Magazine Newsletter

How Upcycled Furniture And Eco-Friendly Choices Shaped The Design Of A Luxurious Penthouse In Cochin | Temple Town

The inside of this big apartment is a mix of beautiful furniture from different parts of the world and some old pieces that have been reused.

Read more

Grand Debut: India Furniture Conclave 2023 Triumphs at Pragati Maidan, Part of Matecia Exhibition

The India Furniture Conclave 2023, hosted as part of the Matecia Exhibition at Pragati Maidan on September 22, 2023, was a remarkable success. This event garnered a substantial attendance, with industry leaders, architects, and designers in prominent attendance, making it a resounding triumph.

Read more

A Cozy Modern Retreat by Studio SB with Innovative Home Automation and Elegant Italian Furniture

The interior design of this house incorporates extensive home automation, featuring well-placed mood lighting indoors and outdoors. Subtle earthy and pastel tones infuse a natural touch. Different flooring materials give each room its unique character.

Read more

Attend the First Edition of INDIA FURNITURE CONCLAVE 2023 - September 22 at MATECIA Exhibition, Delhi - REGISTER Today

India Furniture Conclave is a B2B conference on Furniture, Kitchen, Wardrobes & Hardware sectors with its inaugural edition happening on the 22nd of September 2023 at Pragati Maidan Delhi alongside WADE ASIA Architecture Event, MATECIA Exhibition and India Interior Retailing (IIR).

Read more

This is alt