Steel Ministry Extends QCO Exemptions To Ease Supply Gaps
Steel

Steel Ministry Extends QCO Exemptions To Ease Supply Gaps

To safeguard stakeholder interests and maintain steady market availability of critical steel products as domestic capacity expands under national self-reliance goals, the Ministry of Steel has reviewed concerns submitted by industry participants. Following this assessment, the Ministry has approved extensions to specific exemptions, outlined below.

Earlier, based on representations from industry, the Ministry had exempted certain Chapter 73 steel products from mandatory Quality Control Order (QCO) compliance for imports with a Bill of Lading showing a shipped-on-board date on or before 31 October 2025. This exemption has now been extended to cover imports with a shipped-on-board date on or before 31 March 2026.

In addition, stainless-steel importers had highlighted substantial advance payments already made to foreign manufacturers and the ongoing shortage of 200 and 300 series stainless-steel flat products, given that domestic capacity is still ramping up. In response, the Ministry had earlier granted exemptions from three Indian Standards applicable to stainless-steel flat products — IS 6911, IS 5522 and IS 15997 — for imports with a shipped-on-board date on or before 31 December 2025.

This exemption has also been extended, and now applies to imports with a shipped-on-board date on or before 31 March 2026.

To safeguard stakeholder interests and maintain steady market availability of critical steel products as domestic capacity expands under national self-reliance goals, the Ministry of Steel has reviewed concerns submitted by industry participants. Following this assessment, the Ministry has approved extensions to specific exemptions, outlined below. Earlier, based on representations from industry, the Ministry had exempted certain Chapter 73 steel products from mandatory Quality Control Order (QCO) compliance for imports with a Bill of Lading showing a shipped-on-board date on or before 31 October 2025. This exemption has now been extended to cover imports with a shipped-on-board date on or before 31 March 2026. In addition, stainless-steel importers had highlighted substantial advance payments already made to foreign manufacturers and the ongoing shortage of 200 and 300 series stainless-steel flat products, given that domestic capacity is still ramping up. In response, the Ministry had earlier granted exemptions from three Indian Standards applicable to stainless-steel flat products — IS 6911, IS 5522 and IS 15997 — for imports with a shipped-on-board date on or before 31 December 2025. This exemption has also been extended, and now applies to imports with a shipped-on-board date on or before 31 March 2026.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement