India drops plan for scrap import registration system
Oct 22, 2007 | 02:30 PM
| Ben Garside
India has abandoned its plan to register all scrap traders who want to import scrap metal to India, according to Ikbal Nathani, managing director of the Mumbai-based Nathani Group.
Interviewed at the Bureau of International Recycling fall conference in Warsaw this week, Nathani said the decision by the Indian government, effective immediately, also means an end to the cumbersome system of pre-shipment inspections that had been put in place on all imports of non-shredded scrap metal.
"This should make every exporter and merchant happy because it will mean an end to all the paperwork. I think it became clear that (the Indian authorities) could not get through all the applications sent and they certainly wouldn't have been able to renew them every two years, as they planned to," Nathani said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here