Steel Import Process in India: A Full Guide for Importers
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Steel Imports Surge in India: A Comprehensive Guide for Importers
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News18•18-02-2026, 13:15
Steel Imports Surge in India: A Comprehensive Guide for Importers
•India, the world's second-largest crude steel producer, imported over 8.3 million metric tonnes in FY2024 due to high demand and specific grade requirements.
•Importing steel requires business registration, an Import Export Code (IEC), GST registration, and crucial BIS certification under Quality Control Orders (QCOs).
•Customs duties include Basic Customs Duty (BCD), Social Welfare Surcharge (SWS), IGST, and potential anti-dumping duties; correct HS code classification is vital.
•The import process involves finalizing purchase orders, pre-shipment inspection, obtaining BIS clearance, customs clearance, duty payment, and goods release.
•Key challenges include price volatility, strict BIS/QCO compliance, and avoiding demurrage charges; accurate documentation is essential to prevent delays.