Import of Metallic scrap – DGFT yet to put System in place
As per the New Foreign Trade Policy effective from 1st April, 2006, import of metallic scrap was to be allowed only under certain conditions like Registration of Suppliers, Direct Imports, Import only through certain DesignatedPorts etc., This new system was to come into effect from 1st April, 2006 but obviously the DGFT was not ready. In October, 2006 the DGFT issued a Public Notice that the new system will come into force only from April, 2007. Come April, 2007 and the Ministry is yet to announce its policy. Now finally DGFT has decided that the new system will come into force from 1st October, 2007. Obviously these measures are put in place to ensure the security of the Nation and may be to prevent imported consignments blasting away at various points in the Country. But can National Security be postponed so many times and for a year and half. Please See dated 1stMay, 2006and , dated 26th October, 2006.
DGFT Public Notice No. 94 (RE-2006)/2004-2009, Dated: 16th April, 2007