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Updated on June 27, 2022 1:18 am

India restricts imports of waste, scrap with valuable metals

The federal government has restricted the imports of sure waste and scrap of valuable steel or of steel clad with valuable steel. Their imports have been free earlier.

The Directorate Basic of Overseas Commerce amended the import coverage for ash containing valuable steel or valuable steel compounds together with gold, platinum and silver to “restricted” from “free” which implies a license can be required for his or her inbound shipments.

“Import coverage…has been revised from ‘Free’ to ‘Restricted’ with rapid impact,” the DGFT mentioned 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 the whole 2020-21.


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