The Director-General of Foreign Trade (DGFT) has allowed import of metallic waste and scrap from six safe countries without Pre-shipment Inspection Certificate (PSIC) is now permitted via ten designated ports as per the public notice by the Department Of Commerce dated January 14.
DGFT has added “… Hazira Port and Kamarajar Port to the list of seaports where Pre-shipment Inspection Certificate (PSIC) is exempted in case of import of metallic scrap coming from safe countries/regions.”
Import consignments of metallic waste and scrap shall be subject to pre-shipment inspection certificate (PSIC) from the country of origin.
The metallic waste and scrap (both shredded and un-shredded) imported from safe countries/regions i.e. the USA, the UK, Canada, New Zealand, Australia, and the EU will not require PSIC if consignments are cleared through these ten (10) ports.
The rising middle-income groups of consumers in India and their increasing levels of expenditure on various products have resulted in a faster-rising demand of the Indian import business. Major imports of India include cereals, edible oils, machinery, fertilizers, and petroleum products. Total imports from India are estimated to be around USD187.9 billion. India is also a bulk importer of edible oil, sugar, pulp and paper, newsprint, crude rubber, and Iron and steel.
Consignments from Chennai, Tuticorin, Kandla, JNPT, Mumbai, Krishnapatnam, Mundra, Kattupalli, Hazira, and Kamarajar. these six countries/regions will be accompanied by a certificate from the supplier/scrap yard authority to the effect that it does not contain any radioactive materials/explosives.
These will however be subject to radiation and explosive checks through portal monitors and container scanners at these ports.
Trans-shipments through these countries/regions will not be allowed at this facility. Import through the remaining eight (8) other ports (for both shredded and unshredded scrap/waste), irrespective of country of origin, will be subject to PSIC.
Source : KNN India