Wait...
  1. Home >
  2. Export Import News >
  3. Import News >
  4. Govt to take steps to contain imports of defective or sub-standard steel >
  5. Govt to take steps to contain imports of defective or sub-standard steel

Online Export Import Data Search

Complete Training Video : Click Here

Govt to take steps to contain imports of defective or sub-standard steel.


Date: 13-06-2019
Subject: Govt to take steps to contain imports of defective or sub-standard steel
The government will take more steps to contain imports of defective or sub-standard steel with a view to helping domestic manufacturers, an official said. The official said that local players prefer imports of defective or sub-standard steel as it is cheaper. According to industry experts, sub-standard steel impacts the quality of goods and hurt domestic manufacturers.

The issue was discussed during a high-level meeting of steel and commerce ministries Tuesday. “There is a need to contain imports of defective and sub standard steel. It comes in India because it is cheap in price,” the official added.

There are already quality control guidelines for various steel products used in various industries to check imports of sub-standard items. It was also decided to provide steel at affordable rates to engineering exporters, which have complained that the domestic steel makers charge huge margins from them.

Engineering exporters use steel as a raw material to manufacture products for export purposes. “It was decided in the meeting that steel would be provided to engineering exporters at affordable prices and benefits of advance authorisation scheme will be passed on to steel makers. The nitty-gritties will be finalised by the directorate general of foreign trade on this,” the official added.

According to the exporters, high prices of domestic steel, a crucial raw material, as compared to international market, has resulted in non-competitiveness of Indian downstream engineering exports. The ministries of commerce and steel Tuesday assured engineering exporters of making all the efforts to ensure the sector’s outbound shipments reach USD 200 billion by 2030. The country’s engineering exports rose by 6.36 per cent to USD 83.7 billion in 2018-19 from USD 78.7 billion in 2017-18.

Source: financialexpress.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-06-2019
Notification No. 42/ 2019-Customs (N.T.)
Customs (Supplementary Notice) Regulations, 2019

Date: 18-06-2019
Notification No. 43/2019-Customs(N.T.)
Proper officer for Customs (Supplementary Notice) Regulations, 2019

Date: 17-06-2019
Circular No. 16/2019-Customs
–IGST refunds- mechanism to verify the IGST payments for goods exported out of India in certain cases- reg.

Date: 15-06-2019
Policy Circular No. 23/2015-20
Non-requirement of submission of Hard copy of application at RAs for issue of Advance Authorisation (AA) & EPCG Authorisation

Date: 15-06-2019
ECA Circular No. 24
Administrative Review of Adjudication Orders passed by subordinate officers - regarding.

Date: 15-06-2019
Notification No.16/2019–Customs
Seeks to increase the tariff rate of customs duty on lentils, boric acid and laboratory reagents by amending First schedule to the Customs Tariff Act, 1975 under emergency powers under section 8A of the Customs Tariff Act.

Date: 15-06-2019
Notification No.17/2019-Customs
Seeks to further amend notification No. 50/2017-Customs dated 30.06.2017 to implement the imposition of retaliatory duties on 28 specified goods originating in or exported from USA and preserving the existing MFN rate for all these goods for all countries other than USA.

Date: 14-06-2019
Notification No. 41/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg

Date: 14-06-2019
PUBLIC NOTICE NO. 11/2015-2020
Waiving off the requirement of destruction certificate from excise/custom authorities for the unutilised duty free imported material in case of imports from unregistered sources with pre-import conditions.

Date: 14-06-2019
Notification No. 15/2019-Customs
Seeks to further amend notification No. 50/2017-customs dated 30th June 2017 to postpone the implementation of increased customs duty on specified imports originating in USA from 16th May, 2019 to 16th June, 2019.



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001