Announcement: Updates on the Moratorium of the Iron and Steel Industry including Recycling/Recovery Activities for the Non-Ferrous Segment
Since 15th August 2023, MITI has imposed a two-year moratorium on all enquiries, assessment of current applications, new applications, transfers of license, regularisations, expansions and diversifications with regard to Manufacturing License (ML) as well as the Issuance of Confirmation Letters (exemption of ML) or ICA10 governed under the Industrial Coordination Act, 1975 (Act 156), specifically for manufacturing activities in the iron and steel industry including recycling/recovery activities for the non-ferrous segment.
Effective 8th November 2024, MITI has re-examined the list of tariff codes for iron and steel products subject to the moratorium, as outlined below:
- 26 tariff codes under HS73 which are downstream products are exempted and not subject to the moratorium (HS Tariff Code 7301, 7302, 7303, 7304, 7305, 7306, 7307, 7308, 7309, 7310, 7311, 7312, 7313, 7314, 7315, 7316, 7317, 7318, 7319, 7320, 7321, 7322, 7323, 7324, 7325 and 7326)
- 29 tariff codes under HS72 which are upstream and midstream products remain status quo and subjected to the moratorium (HS Tariff Code 7201, 7202, 7203, 7204, 7205, 7206, 7207, 7208, 7209, 7210, 7211, 7212, 7213, 7214, 7215, 7216, 7217, 7218, 7219, 7220, 7221, 7222, 7223, 7224, 7225, 7226, 7227, 7228 and 7229)
- Recycling/recovery activities for the non-ferrous segment remain status quo and subjected to the moratorium
For more information regarding the latest iron and steel policy, please contact the Machinery & Metal Technology Division at 03-2267 3633.
