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Saturday, Feb 19, 2005

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Unshredded metal scrap imports at Nagpur ICD too

K.R. Srivats

New Delhi , Feb. 18

UNSHREDDED metallic scrap could now be imported through Inland Container Depot (ICD) Nagpur, making this the 18th port eligible for such imports.

The Government had last year revamped the import policy on metallic scrap and specified 15 ports for importing scrap in unshredded and loose form.

Following representations, the Directorate General of Foreign Trade had in December 2004 added ICD Ludhiana and ICD Dadri, Greater Noida to the list of 15 eligible ports.

The main purpose of adding the two ICDs was to take care of the congestion situation at the Jawaharlal Nehru Port Trust.

As much as 92 per cent of the metallic scrap imported (in volume terms) are in unshredded form. Metallic ferrous ores and metal scrap imports during 2003-04 stood at Rs 5,746 crore (Rs 5,022 crore during 2002-03). The 15 ports that were initially specified as eligible ports were Chennai, Kochi, Ennore, JNPT, Kandla, Mormugao, Mumbai, New Mangalore, Paradip, Tuticorin, Vishakapatnam, ICD Tughlakabad, Pipava, Mundra and Kolkata.

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