Tel: 0129-4001010 Phone: +91 730 321 5033
Email: cs@absoluteveritas.com
BIS QCO FOR Bolts, Nuts, and Fasteners (Tower Bolts- Ferrous metals)
CONFORMITY ASSESSMENT & REGULATORY COMPLIANCE
Date 12th July, 2024
Place: New Delhi
Dear Reader,
Key update regarding the Indian Standard applicable to current license holders, new applicants, manufacturers, importers, and product sellers for the Bolts, Nuts, and Fasteners (Tower Bolts- Ferrous metals) (Quality Control) Order, 2024.
BIS QCO order for the Bolts, Nuts, and Fasteners (Tower Bolts- Ferrous metals)
OVERVIEW
The Ministry of Commerce and Industry has released the Quality Control Order for Bolts, Nuts, and Fasteners in 2024, outlining its main provisions.
Effective Date and Standards:This Order will take effect upon its publication in the Official Gazette. Goods, particularly bolts, nuts, and fasteners, must comply with Indian Standard 204 (Part 1): 1991 (Tower Bolts - Ferrous Metals). They must display the Standard Mark under a license from the Bureau of Indian Standards according to Scheme-1 of Schedule-II of the Bureau of Indian Standards (Conformity Assessment) Regulations, 2018.
Exceptions:
-
This Order does not affect goods produced domestically for export.
-
It does not cover imported goods that form part of finished products, sub-assemblies, or components.
-
Micro-enterprises and small enterprises, as defined under the Micro, Small and Medium Enterprises Development Act, 2006, are granted exemptions until specified deadlines.
-
Imported goods intended for manufacturing may be exempted for up to three years from the start of this Order, subject to specific conditions.
| Goods or Articles | Year of Imports | ||
|---|---|---|---|
| Financial Year 2024-25 | Financial Year 2025-26 | Financial Year 2026-27 and thereafter | |
| (1) | (2) | (3) | (4) |
| Bolts, Nuts and Fasteners | Upto 80% of the total value of goods or article imported in the financial year 2023-2024 | Upto 70% of the total value of goods or article imported in the financial year 2023-2024 | Upto 50% of the total value of goods or article in the financial year 2023-2024 |
Import Conditions:
-
Manufacturers importing goods for manufacturing must provide a self-declaration to the Central Government, confirming that these imports are solely for manufacturing for export purposes.
-
Annual import quotas are defined for manufacturers to progressively localize production.
-
Imports for research and development purposes are restricted to 200 kilograms annually for non-commercial use.
Certification and Enforcement:The Bureau of Indian Standards is appointed as the authority responsible for certifying and enforcing compliance for goods included in this Order.
Penalties:Failure to comply with this Order may lead to penalties as per the provisions outlined in the Bureau of Indian Standards Act, 2016.
This Order seeks to standardize and regulate the quality of Bolts, Nuts, and Fasteners in India, ensuring adherence to established quality standards and bolstering domestic manufacturing capabilities.
Please note:Individuals found violating the provisions of this order will be subject to penalties under the BIS Act, 2016.
Implementation Authority :Bureau of Indian Standards (Govt. of India)
CONCERNED AUTHORITIES
Bureau of Indian Standards Manak Bhawan 9, B.S. Zafar Marg, New Delhi - 110002
Tel: +91-11-23231903
Email: pgd@bis.org.in
Implementation Dates:
-
For entities other than Micro and Small Enterprises: Effective from August 1, 2024.
-
For Micro Enterprises: Effective from February 1, 2025.
-
For Small Enterprises: Effective from November 1, 2024.
For any query on this Update, write us at cs@absoluteveritas.com
For more details visit: Absolute Veritas
Attachment: Standard Amendment Order issued by Bureau of Indian Standards
Disclaimer: The details shared in this update are for informational purposes exclusively. Readers are advised to seek formal legal counsel before taking any action based on the information provided here.
© 2024, Absolute Veritas. All Rights Reserved
| Attachment1: QCO ORDER | View | Download |
| Attachment2: ABSOLUTE VERITAS PROFILE | View | Download |
