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13 June 2012| last updated at 02:57PM

Govt imposes import licence on alloy steel products



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KUALA LUMPUR: The importation of eight tariff lines of alloy steel products (HS 7225) will be subject to licensing requirements from June 15, the International Trade and Industry Ministry said today.

In a statement, it said the imposition of import licence on these products was gazetted under the Customs (Prohibition of Imports) (Amendment) (No.2) Order 2012 yesterday.

The imposition of import licensing requirements on these products will serve to ensure that imported alloy steel products meet established quality and safety requirements, and minimise the importation of sub-standards products.

It is also to facilitate the monitoring of trade in these products.

The ministry today met with affected manufacturers/importers and steel associations to brief them on the new licensing requirements and the procedures involved in its implementation. -- BERNAMA

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