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To legally import metal scrap, you must obtain a Metal Scrap Import License from the Directorate General of Foreign Trade (DGFT). If the scrap is categorized as hazardous (as per the Hazardous and Other Wastes Rules, 2016), clearances from the Ministry of Environment, Forest and Climate Change (MoEF&CC) and the State Pollution Control Board (SPCB) are also required.
As per Ministry of Environment Forest under Schedule 3 Part D, an Individual can import Ferrous and Non Ferrous Metal Scrap in India as a Trader on the behalf of Recycler. For that a trader have to fulfill the Compliance part and have to take permission as per the regulations.
In India , the business of Ferrous & Non Ferrous Metal scrap recycling is a beneficial business, because from the scrap a recycler can make the Ingots, raw material etc. and can export it to other countries as per the requirements. For the Recycling facility setup for metal scrap there would be some Environment Regulations which as recycler have to fulfill.
In India, now a days Exporting of scraps is also a business booming in India. E waste Scrap like PCB (Printed Circuit Board), Vehicle Silencer Scrap , Silicon Scrap, Rubber Scrap, Plastic Scrap and other scrap are exporting in which traders are making good profit. For setting up this business there are some Environmental compliances which have to fulfill.
India is a developing country and if we have to develop then basically we will have to focus more on infrastructure construction, so whether it is construction development or infrastructure development, we will need iron, copper, steel, aluminum, zinc, all these ferrous and non-ferrous metals which either required in construction or can be used in making machinery or infrastructure.
