New quality norms for steel parts may hurt small manufacturers: Think tank

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New quality norms for steel parts may hurt small manufacturers: Think tank - Business Standard

Quick Summary:

QCOs are government directives aimed at ensuring product quality, protecting human, animal, and plant health, and preventing deceptive practices.

From March 20, the order will apply to all imports and large firms, while for small and micro firms, it will take effect on June 20 and September 20, respectively.

Additionally, customs clearance delays caused by confusion over HS Code classifications will add to costs and inefficiencies, impacting businesses already struggling with supply chain disruptions,” GTRI said.