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The Indian federal government has recently significantly simplified the steel import process by reducing compliance requirements. B30G140 oriented electrical steel, The Ministry of Steel announced that it has officially launched a new import registration platform called the "SARAL Steel Import Monitoring System" (SARAL SIMS), which will effectively improve the ease of importing for small and medium-sized enterprises. Additionally, steel imports for export purposes through pre-authorization will also benefit from expedited customs clearance.
According to official statements, the government has waived the requirement for No Objection Certificates (NOCs) for the import of steel varieties not covered under the Quality Control Order (QCO). B30G140 oriented electrical steel, The Ministry of Steel has clarified that steel grades not subject to any QCO will no longer require clarification or NOCs from the ministry. For steel grades covered by the QCO, importers must ensure that manufacturers hold the appropriate certification licenses issued by the Bureau of Indian Standards (BIS).
In addition, the Ministry of Steel has extended the exemption period for Quality Control Orders (QCOs) for certain steel products: some steel grades have been granted a five-month grace period, while stainless steel products have received a three-month extension of the exemption period. B30G140 oriented electrical steel, The registration process for the SARAL SIMS system has also been optimized, with the number of required fields significantly reduced from 56 to 20.
The new regulations also adjusted the import quota management method. Now, importers only need to obtain a single SIMS code to carry out up to 100 import transactions within a year, with a maximum weight of 10 tons per shipment. The total import volume through this channel for the current fiscal year is capped at 500 tons.
