India restricts imports of waste, scrap with valuable metals

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

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

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

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



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