Union Minister chairs meeting with Food Ministers of 5 States (See 'Corp Brief') A&C - When existence of arbitration clause is evident from perusal of Service Agreement, there is no impediment in appointing independent Sole Arbitrator for adjudicating disputes between parties: HC (See 'Legal Desk') TRAI releases Draft Telecommunication Tariff Order, 2025 (See 'Corp Brief') IPR - Deceptively similar trademark which is likely to confuse customers, amounts to infringment, and calls for injunction: HC (See 'Legal Desk') Minister invites Global Community to invest in Mining Industry (See 'Corp Brief') A&C - Where reference application u/s 8 was made long after expiry of outer limit of 120 days from date of service of summons, such reference could not be construed to have been made at earliest: HC (See 'Legal Desk') Minister inaugurates India Pavilion at Heimtextil 2025, Frankfurt (See 'Corp Brief') Trade Marks Act - Defendants have been unauthorisedly using mark 'TATA': HC (See 'Legal Desk') DPIIT joins hands with ITC to bolster India's startup ecosystem (See 'Corp Brief') IBC - During CIRP, RP is continuously making payment of license fees and Applicant is accepting that payment, so there is no merit in prayers made by Applicant seeking possession of property: NCLT (See 'Legal Desk') 8.21 lakh houses to be constructed under PMAY-G: Chauhan (See 'Corp Brief') Indian Limitation Act - Execution application has not been filed beyond period of limitation: HC (See 'Legal Desk') CCI okays sale of 34% equity of Ashoka Concessions to Ashoka Buildcon (See 'Corp Brief') A&C - High Court which exercises original civil jurisdiction can't be classified as 'Court' for purpose of Sec 42 of Arbitration Act when it merely appointed arbitrators u/s 11(6): HC (See 'Legal Desk') 100% coverage under Social Security Schemes for All BoC workers urged (See 'Corp Brief') A&C - Order passed u/s 11 based on arbitration clause, cannot be recalled merely on ground that reply given to notice u/s 21 was suppressed: HC (See 'Legal Desk') India Energy Week 2025 to redefine Global Energy Dialogue (See 'Corp Brief') Misc - Supreme Court calls for report from Union Government on effective availability of video conferencing facility for lawyers & litigants in Tribunals functioning within its jurisdiction: SC (See 'Legal Desk') C-DOT, IIT Mandi sign MoU for developing Semiconductor Chip (See 'Corp Brief') FEMA - Mere delay in submitting export documents would not disqualify credit advanced as 'export credit': HC (See 'Legal Desk') 40 Livestock Projects Worth More than Rs. 545 Crores to be inaugurated (See 'Corp Brief') PMLA - Initial complaint can be filed by ED u/s 44 of PMLA, even if investigation is not fully completed: HC (See 'Legal Desk') SECL launches Post-Retirement Benefit Cell (See 'Corp Brief') FRs act of modifying of usual modus operandi of front running, by adopting novel approach to benefit from NPI with respect to substantial impending transaction of Big Client, calls for stringent action: SEBI (See 'Legal Desk') Minister urges J&K youth to embrace Start-ups (See 'Corp Brief') Contempt of Courts Act - Contempt petition which is attempt to wriggle out of conundrum which petitioner is facing in proceedings before DRT, should not be allowed: HC (See 'Legal Desk') PLI 2.0 fueling India's IT Hardware Revolution (See 'Corp Brief') Stamps Act - Rejection of petitioner's bid is wrong and arbitrary on ground that affidavit is not containing stamp of notary: HC (See 'Legal Desk')

Print

Copper Quality Control Order: A step towards Atma Nirbharta

Published: Dec 07, 2024

By TIOLCorplaws News Service

NEW DELHI, DEC 07, 2024: TO strengthen the quality control eco-system for non-ferrous metals sector (including Copper) in the country, the Ministry of Mines notified the Copper (Quality Control) Order on 31 st August, 2023, along with Quality Control Orders (QCOs) for Aluminium and Aluminium Alloys and Nickel. Initially the QCOs including Copper QCO were to come into force after three months from the date of its notification i.e. 30.11.2023.

Thereafter, basis the requests received from industry stakeholders including user sector industry and taking into account the supply situation, this order was extended vide notification dated 3 rd November, 2023 by six months (i.e.1.6.2024) and subsequently, by another six months vide notification dated 3 rd May, 2024 i.e. 1.12.2024. The Ministry has held several interactions with concerned stakeholders on regular basis through series of meeting(s) with industry bodies and user sector industries during the month of October, 2023; January, 2024; May, 2024; September, 2024; and October, 2024. Secretary (Mines) held a meeting with DG BIS on 17.1.2024 in which besides BIS & Ministry officials, industry representatives also attended. Thus, a sufficient period of 15 months, from 31 st August, 2023, onwards was allowed to the domestic and foreign suppliers of Copper cathodes to obtain the Bureau of Indian Standards (BIS) certification.

In FY 2023-24, India imported about 363 Thousand Tonnes (THT) of refined copper cathode (HS Code: 740311), valued at Rs. 24,552 crore. Japan accounts for about 2/3 rd (67%) of the refined copper imports. In quantity terms, about 69% of India's refined copper imports come from Japan. Tanzania is India's second important source of refined copper, contributing about 18% of the imports; followed by Mozambique with a share of about 5%.

M/s Adani's Kutch Copper Refinery has since come into production. However, as per company officials, ramp-up to full capacity will require some more time (about Feb-March 2025). Once achieved, India will be self-sufficient in refined copper, and will not have to rely on imports. Till that time, some amount of import of refined copper will take place.

As of now, 7 applications from Japanese smelters have been received for BIS certification, of which one smelter (Sumitomo Metal Mining Co. Ltd.) has already been granted license. As per information received from BIS, two more licenses will be granted by next week.

Presently, four domestic suppliers namely, Adani's Kutch Copper Ltd, Hindalco Industries Ltd, Gujarat Victory Forgings Pvt Ltd & Vedanta Ltd and four foreign suppliers, one each from Japan and Austria, and two from Malaysia have been certified by BIS to supply copper cathode to Indian market. Thus, with 4 domestic BIS certified suppliers & 4 foreign BIS certified suppliers and another two certifications by mid of Dec, 2024, no serious supply side constraint is envisaged.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
taxindiaonline
A Taxongo Website. Copyright © 2016-2022 tiolcorplaws.com All rights reserved.