Friday, March 07, 2025 | 07:41 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Centre must remove unnecessary obstacles for steel import clearances

The government has also introduced registration requirements such as steel import monitoring system (SIMS), paper import monitoring system (PIMS)

India's finished steel imports reached 5.768 million tonnes (MT) during April-October 2024, registering a 42.1 per cent year on year (Y-o-Y) growth over the same period last year.
Premium

Steel is a critical raw material for engineering and construction industries. Many import consignments are held up at the ports for want of SIMS-2 registration

TNC Rajagopalan

Listen to This Article

The manner of implementation of non-tariff barriers (NTBs) for import of steel by the Ministry of Steel is causing difficulties for many manufacturers and service providers, including those engaged in building infrastructure.  The government has issued quality control orders (QCOs) for about 800 items that include consumer goods (electrical appliances, batteries, etc.), construction materials (cement), food products (honey, edible oils, milk powder), chemicals (fertilizers, pesticides), automotive parts (tyres, batteries), textiles (yarn, fabrics), metals and alloys (steel) etc. The idea is to protect consumers. The items covered under such QCOs cannot be imported except from suppliers who obtain a license from
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in