S.O.(E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, as amended from time to time, the Central Government hereby grants the following exemption to import of steel and steel products from the applicability of Steel and Steel Products(Quality Control) Second Order, 2012 in relaxation of Para 2(A) of General Notes Regarding Import Policy, ITC(HS), 2012 Schedule 1 (Import Policy):

2. The exemption shall be available to projects in the Infrastructure, Petroleum, Manufacturing products involving high end technologies, Nuclear Reactors, Defense, Chemical and petro-chemicals, and Fertilizer sectors subject to the following conditions:

i. The minimum investment in the project is not less than Rs.1000 crore.

ii. The import will be allowed only to the Actual Users. Surplus, if any, cannot be disposed off in the domestic market without satisfying the quality standards as per Steel and Steel Products (Quality Control) Second Order, 2012 applicable for the domestic steel industry.

iii. Quality certification should be either from a product certification body as per applicable international standard (ISO Guide 65/ISO 17065) by an accreditation body which is a signatory to the Mutual Recognition Arrangement of the International Accreditation Forum (IAF); or certification for each consignment from an inspection body which is duly accredited as per ISO:17020 by any accreditation body which is signatory to the Mutual Recognition Arrangement of the International Laboratory Accreditation Cooperation (ILAC); or Quality certification from the quality certification body recognized in the country of origin by international organizations, such as the International Association of Classification Societies (IACS) or European Union or Central Boiler Board of India.

(Above Para 2 (iii) has been amended vide NOTIFICATION NO. 74/2013, DT. 13/03/2014)

[OLD - iii. Quality certification from the recognized Quality Certifying Body of the country of origin. ]

3. The importers availing such exemptions shall submit quarterly reports on details of type, quantity & value of steel/steel products to the Ministry of Steel and to the concerned Regional Authority (RA) of DGFT.

4. The above exemption would be valid for 2 years from the date of this Notification or until further orders, whichever is earlier.

5. Effect of this Notification:

This provides an exemption to the Import of steel and steel products for major industrial/infrastructure projects from the applicability of Steel and Steel Products (Quality Control) Second Order, 2012.
 

Sd/-

(Anup K. Pujari)
Director General of Foreign Trade
E-mail: dgft[at]nic[dot]in

(Issued from 01/89/180/Moni 5852/AM-03/PC 2(A))