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August 19, 2026
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Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
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August 19, 2026
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Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
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Public Sector Banks and Public Financial Institutions are urged to implement actionable strategies with clear ownership and realistic timelines. Youth banking engagement is to be strengthened through a focused campaign, a common digital access platform and physical outreach, supporting young customers' evolving financial needs. Priority sector lending requires granular monitoring, early identification of target gaps and productive credit flow to intended beneficiaries. Agriculture and horticulture value-chain financing may cover farmer producer organisations, storage, processing, logistics and market linkages, while credit card strategies include digital onboarding, cross-selling and RuPay-UPI integration.
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Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.
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Independent investigation of alleged dubious transactions requires examination of all six allegations despite prior police conclusions.
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Customs, DGFT & SEZ

Import of Scrap

August 8, 2014

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The import of any form of metallic waste, scrap is  permitted subject to the condition that it will not contain hazardous, toxic waste, radioactive contaminated waste / scrap containing radioactive material, any type of arms, ammunition, mines, shells, live or used cartridge or any other explosive material in any form either used or otherwise. The Import Policy for import of metallic waste and scrap as listed in Annex-I is ‘free’ subject to the condition that the consignment is accompanied by valid pre-shipment inspection certificate (PSIC), issued by recognized Pre-Shipment Inspection Agency (PSIA) certifying that the metallic scrap is free from explosive and radioactive contamination. Import of any form of metallic waste from Hodaideh, Yemen and Bandar Abbas, Iran can only be in shredded form. While import of shredded scrap is allowed through all ports, import of unshredded scrap can only take place through the following designated ports:

“1.Chennai,     2.Cochin,     3.Ennore,     4.JNPT,     5.Kandla,   6.Mormugao,   7.Mumbai,  8.New Mangalore,  9. Paradip, 10.Tuticorin,   11.Vishakhapatnam,   12. ICD Loni, Ghaziabad, 13.Pipava, 14.Mundra, 15.Kolkata,  16.ICD Ludhiana,  17.ICD  Dadri  (Greater  Noida),  18.ICD  Nagpur,19.ICD  Jodhpur,  20.ICD  Jaipur,  21.ICD  Udaipur,  22.CFS Mulund, 23. ICD Kanpur,  24.ICD Ahmedabad, 25.ICD Pitampur  and 26. ICD Malanpur”.

The details of quantum and value of metallic waste and scrap imported from various countries during each of the last three years and the current year, country and item-wise are at Annex- II.

In view of the risk to human life, property and national security, import of metal scrap in unshredded compressed and loose form is permitted only through 26 designated ports as in (a) above. Government has decided and has taken necessary steps for installing portal monitors, X-rays scanners or radiological scanners to handle metallic scraps, semi-finished products and finished products. Further eight coastal state authorities/maritime boards have been requested for installation of portal monitors at additional ports where metal scraps are handled. Atomic Energy Regulatory Board (AERB) has sensitized concerned Ministries on various aspects of issued related to radioactive contamination in imported metal scrap. Further, AERB in association with other organizations such as National Institute of Secondary Steel Technology (NISST), scrap associations, furnace associations etc  is conducting awareness programmes to sensitize various stake holders of metal recycling industry about the issue.

Annex-I

Import of Metallic Waste and Scrap

Import of following types of metallic waste and scrap are free subject to conditions of Port restrictions and PSIC and other conditions of Foreign Trade Policy/Handbook of  Procedure (2009-2014):

Sl.No.

Exim Code

Item description

1.

720410 00

Waste and scrap of cast iron

2.

72042190

Other

3.

72042920

Of High speed steel

4.

72042990

Other

5.

72043000

Waste and scrap of tinned iron or Steel

6.

72044100

Turnings,      shavings,      chips, milling waste, saw dust, fillings, trimmings and stampings, whether or not in bundles

7.

72044900

Other

8.

72045000

Remelting scrap ingots

9.

74040010

Copper scrap

10.

74040022

Brass scrap

11.

75030010

Nickel scrap

12.

76020010

Aluminium scrap

13.

79020010

Zinc scrap

14.

80020010

Tin scrap

15.

81042010

Magnesium scrap

 

Annex-II

Item-Wise Import Of Metallic Waste And Scrap

Item Description

2011-12

2012-13

2013-14

2014-15(Apr to May)

 

QTY(MT)

VAL

(Rs  in Crore)

QTY(MT)

VAL

(Rs in Crore)

QTY(MT)

VAL

(Rs in Crore)

QTY(MT)

VAL

(Rs in Crore)

 

Ferrous Waste And Scrap; Remelting Scrap  Ingots

6962720

18893.82

8197924

24356.5

4779781

16454.93

930891

3061.78

 

Copper Waste And Scrap

161942

4702.3

204262

6433.33

143735

4945.93

30864

992.36

 

Nickel Waste And Scrap

1128

39.17

668

29.02

2790

138.81

534

23.07

 

Aluminium Waste And Scrap

627672

6072.23

738470

7384.62

721630

7568.9

144700

1506.92

 

Lead Waste And Scrap

66653

652.49

51494

518.92

58834

660.33

9398

106.52

 

Zinc Waste And Scrap

48581

410.91

61219

549.78

69496

683.12

12844

135.45

 

Other Base Metals Waste & Scrap

216

2.79

294

6.56

148

4.43

42

0.47

 

Grand Total

7868912

30773.71

9254331

39278.73

5776414

30456.45

1129273

5826.57

 

 

Country-Wise Import Of Metallic Waste And Scrap

COUNTRY

2011-12

2012-13

2013-14

2014-15(Apr to May)

QTY(MT)

VAL

(Rs in Core)

QTY(MT)

VAL

(Rs in Core)

QTY(MT)

VAL

(Rs in Core)

QTY(MT)

VAL

(Rs in Core)

U ARAB EMTS

1076874

4132.16

1066360

4990.02

933296

4903.35

205647

986.36

U K

1317377

4657.64

1433017

5105.39

832394

3663.02

174910

784

U S A

1116613

3418.54

1207141

4151.17

482399

2323.58

50640

309.75

SAUDI ARAB

164208

1485.39

186664

2009.91

153312

2276.54

28633

406.65

SOUTH AFRICA

672203

1724.64

1243536

3385.12

712757

2199.88

164719

479.95

NETHERLAND

257754

1794.91

327453

2058.51

167979

1356.52

33434

231.82

GERMANY

292544

1585.25

302237

1420.14

177371

1046.84

30143

198.99

AUSTRALIA

112225

568.35

166386

704.87

188006

879.46

40084

197.51

MALAYSIA

128737

691.68

153084

887.6

134414

871.39

36042

195.21

KUWAIT

232614

724.4

238398

951.94

142162

809.15

37319

152.63

SINGAPORE

113376

575.88

180169

787.01

126787

685.16

40602

183.99

THAILAND

32776

240.04

72932

417.96

83653

658.93

17634

172.36

BELGIUM

167269

559.19

152874

652.56

75648

487.35

22711

135.98

BAHARAIN IS

109263

400.67

113123

447.35

93804

411.78

24288

93.13

POLAND

57457

218.22

143105

450.2

80763

329.37

11465

54.32

SWEDEN

156036

519.61

107603

418.95

65514

301.54

6717

36.33

ANGOLA

168266

367.54

121234

346.31

86423

300.95

12548

40.7

SPAIN

14764

122.65

32915

270.15

24316

271.76

2384

41.42

CANADA

51664

142.05

154741

432.7

76986

253.1

8889

32.29

KOREA RP

30407

293.72

32199

260.88

29439

244.65

6996

65.01

OTHER COUNTRIES

1596485

6551.18

1819160

9129.99

1108991

6182.13

173468

1028.17

GRAND TOTAL

7868912

30773.71

9254331

39278.73

5776414

30456.45

1129273

5826.57

The information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.

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