Mumbai, Nov. 20 -- In order to streamline the regulatory framework governing steel imports and to facilitate ease of doing business, the Ministry of Steel has undertaken a review of the existing import-related requirements. The Ministry has also reviewed the requirement introduced vide Circular dated 20th October 2023 for obtaining clarification or No Objection Certificate (NOC) from the Ministry of Steel for import of steel grades not covered under any QCO. Based on the recommendations of the High-Level Committee on Non-Financial Regulatory Reforms (HLC-NFRR), it has been decided that steel grades not covered by any Quality Control Order will no longer require clarification or NOC from the Ministry of Steel.

To facilitate implementation...