Indian Directorate General of Foreign Trade (DGFT) appoints 5 new agencies for Pre- Shipment Inspection.
With Indian DGFT (Directorate General of Foreign Trade) has made it mandatory for imported metal scrap shipments into India to be accompanied by a Pre-Shipment Inspection Certificate (PSIC) from a DGFT approved Pre-Shipment Inspection Agency (PSIA) from the country the material is being exported from.
For example, If an Indian Buyer imports heavy melting scrap of UAE origin, then a PSIC needs to be issued by a DGFT approved PSIA that has been given DGFT approval to inspect scrap exports from UAE. In the above example Indian Customs no longer accepts PSIC issued from any PSIA that is DGFT approved. The PSIA must be DGFT approved for the country from which the scrap is being exported.
DGFT has approved five new inspection agencies, who can issue Pre Shipment Inspection Certificate (PSIC) are as follows
• Inspectorate International Ltd.
• Novatech Inspection Services LLC
• CWM Survey & Inspection
• Trans Border Safety Control Inspection Services LLC
• M/s Gattini & Co
MRAI, Metal Recycling Association of India, working in interest of scrap importers had earlier informed that many Indian Buyers have imported metal scrap from such countries which don’t have a DGFT approved PSIA for issuing PSIC and now such material has reached Indian Ports and Customs Authorities are refusing to clear the material. Such containers are incurring heavy detention/demurrage etc. and causing financial losses to the Indian Buyers.
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