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Steel Import Monitoring may Hit Engineering Exports - EEPC India

Steel News - Published on Tue, 10 Sep 2019

Image Source: The Hindu
UNI reported that in a letter to the Commerce Minister, EEPC India chairman Mr Ravi Sehgal said that in the name of monitoring, the latest restrictions on import of steel products, critical raw material for the engineering industry’, would further add to the input cost of exporters battling deceleration in shipments.

DGFT notification of September 5, 2019 has mandated compulsory registration for import of most of the steel products ( under Chapter 72 and few products under Chapter 73 and 86 of ITC (HS). It states that an importer can apply for arrival of consignment. For such registration, specific registration fee has also been specified. While it is believed that this system has been brought in on the lines of the United States’

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Posted By : Sanju Moirangthem on Tue, 10 Sep 2019
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