No PSIC needed for metallic scrap import from 6 safe nations : DGFT

18 Jan 2022 CW Team

The Director-General of Foreign Trade (DGFT) has informed that the import of metallic waste and scrap from six safe nations without Pre-shipment Inspection Certificate (PSIC) is now allowed from 10 designated ports.

In the practice of powers conferred under Para 1.03 and 2.04 of the Foreign Trade Policy, 2015-2020, the Director-General of Foreign Trade amended Para No. 2.54 (d)(v)(iv)of the Handbook of Procedures 2015-2020 by adding Hazira Port and Kamarajar Port to the list of seaports where Pre-shipment Inspection Certificate (PSIC) is exempted in case of metallic waste import coming from safe nations or areas.

Metallic waste and scrap import consignments shall be subject to a PSIC from the nation of origin. However, metallic waste and scrap (both shredded and unshredded) imported from safe nations or areas i.e. the UK, the USA, Canada, Australia, the EU and New Zealand will not need PSIC if consignments are approved through these ten ports namely, Tuticorin, Mundra, Hazira, Chennai, Kandla, Mumbai, JNPT, Krishnapatnam, Kamarajar and Kattupalli. Consignments from these six nations or areas will be accompanied by a certificate from the supplier or scrap yard authority to the effect that it does not include any radioactive materials or explosives. These will yet be subject to radiation and explosive checks via portal monitors and container scanners at these ports.

Trans-shipments via these nations or areas will not be permitted at this facility. Import via the remaining eight other ports (for both shredded and unshredded scrap or waste), irrespective of the nation of origin, will be subject to PSIC.

Image Source

Also read: Adani Ports scraps plan to develop container terminal in Myanmar

Infrastructure Urban

06 Apr 2026

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..

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..

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..