GOVERNMENT
OF
PUBLIC NOTICE NO: 150 (RE: 2009)/2004-2009
In exercise of the powers conferred
under Paragraph 2.4 of the Foreign Trade Policy, 2004-09 and Paragraph 1.1 of
the Handbook of Procedures (Vol.1), the Director General of Foreign Trade
hereby makes the following amendments/ additions/deletions/corrections in the
Handbook of Procedures, Vol.2, and 2004-2009, as amended from time to time
2.
In the statement of Standard Input Output Norms (SION) as contained in the
Handbook of Procedures (Vol.2), 2004-2009, as amended from time to time,
amendments/ corrections/ modifications at appropriate places as mentioned in
ANNEXURE "A” to this Public Notice are made.
This issues in public
interest.
(R. S. Gujral)
DIRECTOR GENERAL OF
FOREIGN TRADE
(Issued from
F.No.01/80/162/540/AM09/DES-II)
Present
Description:
Note 6: Import of Stainless Steel Melting
Scrap of known chemical composition may be permitted within the overall
quantity of item no. 1(a) but up to 60% and 90% respectively to Induction
Furnace and Electric Furnace based units. In such a case,
quantity of respective ferroalloy/metal to be allowed as per formula at Sl.No. 2 will have to be reduced to account for the
recoverable alloying element(s) (Nickel, Copper, Chromium and Vanadium) present
in the stainless steel scrap. The reduced quantity of these ferroalloys/metals
shall be obtained by deducting the equivalent quantity of ferroalloy/metal to
be obtained using the following formula from the total quantity to be worked
out as per formula at Sl. No. 2 in the SION read with
Note 3:
Alloy
Steel Scrap Quantity (kg) x % of relevant element in scrap
1.115 x % of relevant element in
ferroalloy/metal/compound
Amended Description:
Note 6: Import of Stainless Steel Melting
Scrap of known chemical composition may be permitted within the overall
quantity of item no. 1(a) but upto 90% to
Induction Furnace units having AOD/VOD facilities and Electric Furnace units.
For units having Induction Furnaces without AOD/VOD, import of stainless steel
melting scrap will however, be permitted within the overall quantity of item
No. 1(a) but upto 60% only. Only such grade of
Stainless Steel Melting Scrap will be allowed that is relevant to the export
product. In such a case, quantity of respective
ferroalloy/metal to be allowed as per formula at Sl.No.
2 will have to be reduced to account for the recoverable alloying element(s)
(Nickel, Copper, Chromium and Vanadium) present in the stainless steel scrap.
The reduced quantity of these ferroalloys/metals shall be obtained by deducting
the equivalent quantity of ferroalloy/metal to be obtained using the following formula from the total quantity to be worked out as per formula at Sl. No. 2 in the SION read with Note 3:
Alloy
Steel Scrap Quantity (kg) x % of relevant element in scrap
1.115 x % of relevant element in
ferroalloy/metal/compound