Home Economic Times India restricts imports of waste, scrap with treasured metals

India restricts imports of waste, scrap with treasured metals

India restricts imports of waste, scrap with treasured metals

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The federal government has restricted the imports of sure waste and scrap of treasured metallic or of metallic clad with treasured metallic. Their imports had been free earlier.

The Directorate Normal of Overseas Commerce amended the import coverage for ash containing treasured metallic or treasured metallic compounds together with gold, platinum and silver to “restricted” from “free” which implies a license can be required for his or her inbound shipments.

“Import coverage…has been revised from ‘Free’ to ‘Restricted’ with quick impact,” the DGFT stated in a notification.

India’s imports of those items in April-February FY22 had been $36.6 million as towards $72 million in the complete 2020-21.

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