IMS being developed for multiple sectors, including aluminium: Ministry of Commerce and Industry, Govt. of India

On 30^th December’20, the Ministry of Commerce and Industry said import monitoring system is being developed for multiple sectors and it also includes aluminium among others.

The import monitoring system would support to accumulate advanced information on imports of the listed products and make it accessible to the stakeholders, comprising government and domestic industries. However, the system is already in place for steel and coal.

While enlisting remarkable highlights of Department of Commerce for 2020, the ministry said: "Import monitoring system (IMS) is being developed for aluminium, copper, footwear, furniture, paper, sports goods, gym equipment etc.”

It has been reported that about a 1.3 lakh Certificate of Origin has been issued through an electronic platform, for trade facilitation.

The directorate general of trade remedies (DGTR) has begun 43 anti-dumping, four countervailing duty, and one safeguard investigations to support domestic manufacturers during April 1 and December 30.

"Average time taken to initiate an anti-dumping investigation has been brought down from 43 days in 2018-19 to 33 days in 2019-20 and the average time for completing an investigation has been brought down to 234 days in 2019-20, from 281 days during 2018-19 and more than 400 days in previous years," it added.

Technical regulations were formulated for 176 products worth $ 49.9 billion, and similar norms for 371 goods are in progress.