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Import of Scrap and Waste Products.

Under the Exim Policy 2002-2007, following list of items are allowed to import in India without any license or certificate.

  1. Any form of metallic waste, scrap or any defective item which is far below their original price.

  2. Any material that does not contain any kind of hazardous waste or radioactive element in it.

  3. Waste paper material.

  4. Woolen Rags or shoddy wool in completely mutilated form.

  5. PET bottle waste.

  6. Import of any kind of old ships, which are now not in use can also be done in India under the guidelines issued by the Ministry of Shipping.

For the import of metal scrap, from a country involve in any kind of war or rebellion activities, following documents are required from the exporters side.   

  1. Pre-shipment inspection certificate from a reputed inspection or certification agencies as mentioned in the Handbook of Procedure Volume-1 to the effect that

    1. The consignment does not contain any type of arms and ammunition or radioactive waste.

    2. Imported item must be a metallic waste or scrap as per internationally defined parameters.

  2. Contract agreement between the importer and the exporter does not contain any kind of arms, ammunition, mines, shells, cartridges, radioactive waste or any other explosive material in any form.

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What is New?

Date: 01-10-2015
Customs Notification No 97/2015 (NT)
Rate of exchange of conversion of the foreign currency with effect from 2nd October, 2015

Date: 01-10-2015
DGFT Public Notice No. 38/2015-2020
Amendment in Appendix – 2T in Appendices and Aayat Niryat Forms of FTP 2015-20.

Date: 01-10-2015
DGFT Public Notice No. 39/2015-2020
Enlistment under Appendix 2E – Agencies Authorized to issue Certificate of Origin - (Non-Preferential).

Date: 30-09-2015
Customs Notification No. 48/ 2015
seeks to further amend notification No. 12/2012-Customs dated 17.03.2012 so as to: extend zero import duty regime for all pulses except gram [CTH 0713 20 00] and lentil [CTH 0713 40 00] without an end date .extend zero import duty regime for gram [CTH 0713 20 00] and lentils [CTH 0713 40 00] only up to 31.12.2015

Date: 30-09-2015
Customs Notification No 96/2015 (NT)
Tariff Notification in respect of fixation of T V of Edible oil, Brass, Poppy seed, Areca nut, Gold and Sliver

Date: 30-09-2015
RBI/2015-16/195 A.P. (DIR Series) Circular No.18
Regularisation of assets held abroad by a person resident in India under Foreign Exchange Management Act, 1999

Date: 29-09-2015
Customs Notification No 95/2015 (NT)
Rate of exchange of conversion of the foreign currency with effect from 30th September, 2015

Date: 29-09-2015
Customs Circular No 23/2015
Regarding Refund/Claim of Safeguard Duties as Duty Drawback

Date: 29-09-2015
RBI/2015-16/193 A.P. (DIR Series) Circular No.17
External Commercial Borrowings (ECB) Policy - Issuance of Rupee denominated bonds overseas

Date: 25-09-2015
Notification No. FEMA. 348/2015-RB
Foreign Exchange Management (Regularization of assets held abroad by a person resident in India) Regulations, 2015.

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