ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Rakesh Jhunjhunwala portfolio's net worth drops by 25% or Rs 8300 cr in 3 months owing to weak market
  • Zomato-Blinkit Deal: Food aggregator accused of not sharing information about deal on time; Investors file complaint with SEBI
  • Delhi government monsoon session commences today; salary hike of ministers, MLAs on the cards
  • National Pharmaceutical Pricing Authority fixes retail prices of 84 drug formulations
  • Twitter Blue users on Android can now customise navigation bar
Read in App
Business News » India News

Steel Ministry extends till Apr 17 deadline for non BIS-certified high grade steel

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App

The Ministry of Steel Wednesday extended till April 17 the deadline for mandatory use of Bureau of Indian Standards (BIS) certified high-grade steel in automobile manufacturing.

Automobile manufacturers in India have been importing high-grade steel and had pressed the government to extend the deadline for using Bureau of Indian Standards (BIS) certified high-grade steel beyond February 17.

According to auto manufacturers, they are facing difficulty in sourcing high-grade steel from domestic companies while foreign suppliers have expressed reluctance to seek BIS certification due to very low volumes.

In a notification on Wednesday, the steel ministry said, "in pursuance to the enforcement of steel and steel products quality control order dated August 13, 2018, the Ministry of Steel informs that all grades available in Indian standards IS 4454 (Part-1): 2001, IS 4454 (Part II): 2001, IS 11169 (Part-I): 1984 and IS 6603: 2001, IS 6527: 1995 and IS 6528: 1995 shall remain outside the purview of the quality control order till April 17, 2019." To promote local manufacturing, the steel ministry in June 2018 mandated BIS certification for the commodity to be sold in India. This included both for domestically produced and imported steel.

For the domestic auto industry, December 17, 2018 was set as the deadline to meet the norm.

Following the concerns raised by the auto makers, the government in December 2018 extended the deadline for automobile makers till February 17.

The automobile manufacturers had sought a year's time, expressing their inability to source high grade steel locally soon citing inconsistent quality.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
Updated: Wed, Feb 20, 2019
09:20 pm
PTI
RELATED NEWS
Crisil cuts FY23 GDP growth estimate to 7.3% Crisil cuts FY23 GDP growth estimate to 7.3%
US stocks see worst first half drop in over 50 years US stocks see worst first half drop in over 50 years
Rupee hits record low of 79.11 against US dollar in early trade Rupee hits record low of 79.11 against US dollar in early trade
Retail inflation for industrial workers rises to 6.97% in May Retail inflation for industrial workers rises to 6.97% in May
GST Council Meeting: Full details of goods and services, where rates hiked or slashed GST Council Meeting: Full details of goods and services, where rates hiked or slashed

LATEST NEWS

Indian Railway opens sleeping pod hotel at CSMT

Money Guru: How To Take Care Of Your CIBIL Score For Better Financial Planning? Expert decodes

CBSE Class 10 Result to be announced soon; check details, how to download here

National Apprenticeship Promotion Scheme Latest News: DBT - Govt to directly transfer Rs 1500 per month

Delhi government monsoon session commences today; salary hike of ministers, MLAs on the cards

HDFC Bank receives go-ahead from exchanges for amalgamation scheme with HDFC – know details

Vedanta Group eyes USD 3.5 billion turnover from chip business, one-third from exports

Gold Price Today: Yellow metal subdued on marginal pressure from high dollar index – check prices in metro cities

Windfall tax impact likely to continue on oil refining firms, says Anil Singhvi; believes RIL may see revenue, profit contraction

US ban on imports from Xinjiang disrupts China's supply chain

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV