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India is set to revise its import regulations to prevent the influx of substandard and non-BIS-compliant steel products into the domestic market. The proposed changes target loopholes in the Advance Authorisation scheme that have allowed certain exporters to misuse duty-free import provisions.
One key reform under consideration is reducing the Export Obligation Period (EOP) from 18 months to just six months. Additionally, authorities may remove exemptions from the Quality Control Order (QCO) for domestic importers operating under this scheme.
Industry officials say the reforms aim to strengthen compliance, ensure product quality, and support domestic manufacturers facing pressure from low-quality foreign steel.
Currently, India imposes a 12% interim safeguard duty and a 7.5% basic customs duty on steel imports. Experts believe the safeguard duty could be extended or increased, depending on market conditions and trade practices.
These stricter measures reflect India’s broader push to maintain steel quality standards, curb unfair trade, and protect the domestic industry from low-grade imports.
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