India's maritime future will be written by young people: Sonowal (See 'Corp Brief') ICAR-IIAB organises Pre-Rabi Kisan Goshti for 1,500 Farmers (See 'Corp Brief') India targets 10% of Global 6G Patents and Standards: MoS (See 'Corp Brief') India highlights Energy Security at 20th EAS Energy Ministers' Meeting (See 'Corp Brief') Special Khadi and Village Industries Exhibition inaugurated at Delhi Haat (See 'Corp Brief') India records 21% decline in TB incidence and treatment coverage rises to 92% (See 'Corp Brief') India has moved from following the World to moving alongside it in Science and Technology: MoS (See 'Corp Brief') Yadav underlines scaled-up Climate Finance, Technology Transfer and Capacity-building (See 'Corp Brief') IPR - If defendant adopts mark that is minor phonetic and visual manipulation of well-known registered trademark, coupled with identical colour scheme, get-up, and trade dress, strong prima facie case of trademark & copyright infringement is made out: HC (See 'Legal Desk') CCI approves acquisition of 100% shareholding of Vishavari Tollway by Concessoc 41 SAS (See 'Corp Brief') CCI okays acquisition of sole control over Omega-Meyer by BCPE Wellbeing Holdco Two Ltd (See 'Corp Brief') CCI approves acquisition of equity in Prestige Hospitality Ventures Limited by CPP Investment Board (See 'Corp Brief') Central Zoo Authority and IIFM inaugurate 3-Day Regional Training Programme for Zookeepers at IIFM, Bhopal (See 'Corp Brief') CCI approves proposed combination related to internal restructuring of JSW Group (See 'Corp Brief') RRM Inaugurates SAREX-2026 as 24th NMSAR Board Meeting reviews Maritime SAR Preparedness (See 'Corp Brief') NLMC organises mock E-Auction Training ahead of RINL Land E-Auction (See 'Corp Brief') India, Ghana sign historic MoU to advance Agricultural Research and Technology Transfer (See 'Corp Brief') COP31 should focus on closing Gaps and fulfilling Commitments: Yadav (See 'Corp Brief') CBN conducts Jan Samvad at Malana in Kullu District to create preventive drug awareness (See 'Corp Brief') IBC - Per Section 9 of IBC, where operational debt meets statutory threshold & no pre-existing dispute exists, then application for initiation of CIRP is maintainable: NCLT (See 'Legal Desk') Switzerland Sees India as Emerging Global R&D Power, Earmarks CHF 45 Million for Science and Technology Partnership (See 'Corp Brief') Textile Council To Form Working Groups To Address Sector Challenges (See 'Corp Brief') President Murmu urges AIIMS Bilaspur graduates to serve in Himachal's remote, rural areas (See 'Corp Brief') Banks told to expand digital lending, financial inclusion outreach: DFS secretary (See 'Corp Brief') SEBI - Allegation of violations of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations is serious & cannot be sustained on mere general allegations, individual perceptions, or violations of investment advisory regulations alone: SAT (See 'Legal Desk') Union renewable energy minister will inaugurate Windergy India 2026 in Chennai on Oct 8 (See 'Corp Brief') Kasturi Cotton gains traction as India puts traceability on the textile map (See 'Corp Brief') IPR - Visual deceptive similarity, phonetic identity, likelihood of public confusion, brand dilution, and misrepresentation of association are sufficient to justify interim injunctive relief: HC (See 'Legal Desk') Dr. Jitendra Singh Pushes Digital Pension Services for Ease of Life (See 'Corp Brief') CIL steps up coal supplies to power plants amid availability concerns (See 'Corp Brief') SARFAESI Act, 2002 - Writ remedy under Article 226 cannot be used to bypass or circumvent this designated statutory remedy & specialized forum, which is uniquely equipped to assess the intricacies of such proceedings: HC (See 'Legal Desk') G20 Trade Ministers reach Consensus against Weaponization of Food through Coercive Trade Actions (See 'Corp Brief') Robotics to become accelerating tool in Every Specialty of Medicine: MoS (See 'Corp Brief') NITI Aayog organises National Workshop on SDG Budgeting in Kolkata (See 'Corp Brief') IPR - Fraudulent mobile applications deceptively imitating Plaintiff's branding and falsely projecting themselves as official investment platforms, deserves to be taken down: HC (See 'Legal Desk') First Tigress in Buxa Tiger Reserve released under Tiger Reintroduction Programme (See 'Corp Brief') CBN destroys over 10.84 tonnes of seized narcotic drugs (See 'Corp Brief') CRIT and IIFT organise three-day Orientation Course on Trade Negotiations (See 'Corp Brief') APEDA Facilitates FPO-led Export of Frozen Food Products from Haryana to Canada (See 'Corp Brief') PMLA - Provisional attachment invalid where material at hand does not show how in absence of provisional attachment, the properties could be so disposed off so as to frustrate confiscation proceedings: SAFEMA Tribunal (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT)

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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.

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