Six scrap and manufacturing sources said the scrap was leaving the country in more processed forms or in mislabelled cargo....
However ITAC said the decline in permits was largely down to more scrap deals being agreed domestically under the country's Price Preference System( PPS), rather than a surge in smuggling....
The PPS, introduced in 2013, forced scrap exporters to offer local manufacturers material at a discounted rate....
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2021-10-15 00:00:00.0