Importers discovering gaps in India’s 12% metal safeguard obligation: JSW Metal’s Jayant Acharya
[ad_1] One of many workarounds is the misuse of the Advance Authorization Scheme, which permits duty-free imports of uncooked supplies for export-linked manufacturing. Importers get 18 months to export the completed product to forestall paying the safeguard obligation. Some non-automotive importers are utilizing this scheme to purchase cheaper metal from abroad and promote the completed … Read more