Traceability trap hits MSMEs: New steel import rule mandates BIS...

Traceability trap hits MSMEs: New steel import rule mandates BIS for raw materials, triggering fears of plant shutdowns over compliance cost

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India's MSMEs are facing potential supply chain disruptions and factory shutdowns due to a sudden regulatory change by the Ministry of Steel. The new rule mandates Indian Standards compliance and Steel Import Monitoring System registration for raw materials, significantly increasing compliance costs.

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