The National Stock Exchange (NSE) on October 31, 2024, issued the notification regarding the Quality Control Orders notification issued by Ministry of Mines.
The following has been stated namely: -
• The depositors who intend to deposit Aluminium and Copper commodity to tender in November 2024 and onwards expiry contracts are informed that the following points/documents shall be submitted at the time of deposit of goods at warehouses over and above the existing standard commodity deposit procedure: -
o Goods are required to bear Standard Mark under a license from Bureau of Indian Standards (BIS).
o The copy of the license document issued by BIS in the name of producer to be submitted at the time of deposit in accredited warehouses.
o The warehouse shall check the authenticity of the document submitted by the depositor and verify the BIS license of the producer.
[Notification No. NCL/COM/64828]
