Imports of permanent magnets, used in cars and other electronics, from China have resumed after India started issuing certificates assuring compliance to relevant diktats. Officials said the Directorate General of Foreign Trade (DGFT) has issued around 30 certificates, one for each consignment, assuring these permanent magnets will not be used for defence applications nor will they be re-exported to the United States.
“China is seeking assurance from the Indian government on the use of permanent magnets . Relevant documents are being issued by the DGFT which has been made the nodal agency for addressing these concerns,” a senior official said while adding that each consignment needs to be separately certified.
“The process has been streamlined now,” a second official said.