Notification No. 33 (RE–2013)/2009-2014
New Delhi, Dated 7th August, 2013
Subject: Grant of relaxation for import of steel and steel products from the applicability of Steel and Steel Products (Quality Control) Second Order, 2012.
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 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.
(Anup K. Pujari)
Director General of Foreign Trade