According to the provisions notified by the commerce ministry, importers will also have to submit that the metal scrap being imported is processed.
Importers will have to furnish bank guarantee of Rs 10 lakh to the customs as security amount, it added.
Also Read
It also said all scrap consignments will have to compulsorily pass through the scanner and RDE, installed at the ports, before being cleared by the customs.
The nine customs ports which have scanners and RDE are --- Cochin, Ennore, Goa, Haldia, Jawaharlal Nehru Port Trust, Kolkata, New Mangalore, Tuticorin and Visakhapatnam.
Further, it said, importers will have to submit a copy of contract with the exporter stipulating that the consignment does not contain any type of arms, ammunition, mines, shells and cartridges in any form.
"It shall also contain exporter's willingness to accept the consignment back, in case any explosive or radioactive material is found in it on arrival in India," it added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)