EEPC Slams New Steel Import Rules

Release time：Nov 22, 2019 From：admin

Engineering exporters had opposed the recent government notification on mandatory registration for steel imports as this would raise the price of steel. The EEPC has approached the commerce ministry seeking a modification of the notification. In a letter to commerce and industry minister Mr Piyush Goyal, EEPC India chairman Mr Ravi Sehgal has flagged concerns regarding the DGFT notification which mandated compulsory registration for the import of most of the steel products.

The government has decided to extend the time period for registration under the Steel Import Monitoring System. DGFT said “One-time relaxation till November 20, 2019, for obtaining SIMS registration is notified.”

The trade body has, so far, not notified the effective date from when the new norms would become effective.

In September, the government had made it mandatory for traders to register themselves with SIMS to import 215 iron and steel products from November 21