ANNOUNCEMENT 08 Jan 2010In January 2010, the government of India announced a change in import formalities.
NUMBER OF INTERVENTIONS
On 8 January 2010, the Government of India issued notification No. 23 / 2009-14, liberalizing the import policy for items classified flat-rolled iron and nonalloy steel, HS code 7208. The import of these items into India was made 'free' instead of 'restricted'.
Tariff lines that have been designated as 'restricted' can only be imported to India with an authorization from the government, after consideration by an Inter-Ministerial Committee (source). Now, items imported under HS code 7208 do not require such permission.