Tuesday, April 13, 2021
Home Business Commerce ministry makes import registration compulsory for host of aluminium, copper products

Commerce ministry makes import registration compulsory for host of aluminium, copper products

The commerce ministry has made import registration compulsory for 46 copper and 43 aluminium gadgets underneath non-ferrous metallic import monitoring system, a transfer which may discourage inbound shipments of such items and promote their native manufacturing.

According to a notification of the division of commerce, underneath the import monitoring system importers must submit advance data in a web based system for inbound shipments of these products and procure an automated registration quantity by paying specified price.

The importer can apply for registration not sooner than sixtieth day and never later than fifth day earlier than the anticipated date of arrival of import consignment.

“Import of specific (copper and aluminium) items…are subject to compulsory registration under non-ferrous metal import monitoring system,” in line with the notification.

The system will likely be efficient from April 12 this yr and the ability of on-line registration will likely be accessible with impact from April 5.

The copper gadgets embody blister copper, refined copper, copper bars, sure copper rod, copper alloys and sanitary ware.

Similarly, the aluminium products embody ingots, wire rods, aluminium scrap, aluminium powder for thermite course of, sure aluminium tubes and pipes.

The ministry had earlier made related course of for imports of a number of iron and metal items and coal. The transfer is an element of an train to scale back import of pointless items and enhance home manufacturing. RR MKJ

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