keywords :
Indian government has now made it mandatory for traders to register themselves with the Steel Import Monitoring System to import all iron and steel products as also certain railways related items, a move aimed at discouraging inbound shipments of such goods and promoting local manufacturing.
The Directorate General of Foreign Trade said that import of all products under chapter 72 (iron and steel), chapter 73 (articles of iron and steel) and chapter 86 (railway Or tramway locomotives, rolling-stock and parts; railway or tramway track fixtures and fittings; mechanical traffic signalling equipment of all kinds). shall now require compulsory registration under the SIMS. In the public notice, the directorate said that the implementation date for this notification will be October 16. The mandatory registration was earlier imposed on about 300 items. Now about 530 more products have been added. SIMS, under the Department of Commerce, collects and publishes data of steel mill product imports.