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The federal government has restricted the imports of sure waste and scrap of treasured steel or of steel clad with treasured steel. Their imports have been free earlier.
The Directorate Basic of Overseas Commerce amended the import coverage for ash containing treasured steel or treasured steel compounds together with gold, platinum and silver to “restricted” from “free” which suggests a license could be required for his or her inbound shipments.
“Import coverage…has been revised from ‘Free’ to ‘Restricted’ with quick impact,” the DGFT stated in a notification.
India’s imports of those items in April-February FY22 have been $36.6 million as in opposition to $72 million in all the 2020-21.
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