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of <h1>India Exempts Steel Imports for Major Projects Over Rs.1000 Crore; Quality Certification Required, Reports Due Quarterly</h1> The Government of India has issued a notification granting exemptions for the import of steel and steel products from the Steel and Steel Products (Quality Control) Second Order, 2012. This exemption applies to projects in sectors such as Infrastructure, Petroleum, and Defense, among others, with a minimum investment of Rs.1000 crore. Imports are restricted to Actual Users, and surplus cannot be sold domestically without meeting quality standards. Quality certification is required from recognized international or national bodies. Importers must submit quarterly reports to the Ministry of Steel and DGFT. The exemption is valid for two years or until further notice.
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