NEWS

Capital goods makers seek exemption for imports of new stainless steel grades

Tuesday, Jan 31, 2017

Capital goods and process equipment makers have urged the steel ministry to issue exemption notice to customs department for imports of new stainless steel grades not included in Bureau of India Standard (BIS) standard 6911 under Stainless Steel Products Quality Control Order.

“The BIS standard 6911 does not include about 40 major new grades which are currently being used globally and by domestic capital goods manufacturing companies for high-end industrial applications. The exemption notification by steel ministry to customs department for these grades will ensure easy imports and ease of doing business,” V P Ramachandran, general secretary, Process Plant and MachineryBSE 0.00 % Association of India (PPMAI), which represents the domestic capital goods and  process equipment industry said.

PPMAI has also requested steel ministry to modify the Stainless Steel Products Quality Control Order to stop influx of seconds, defectives and non-standard stainless steel products in all grades of stainless steel from foreign and domestic sources. "These products are mostly being used for consumer utensils and in low-end industrial applications. It accounts for more than 60% of Indian market and surprisingly has not been included in the Quality Control order,” Mr Ramachandran said.

 

Source:economictimes.indiatimes.com

 

Other News