MCX Clearing Corp says warehouses will check BIS licence for lead depositors
This story was originally published at 13:02 IST on 6 May 2025
Register to read our real-time news.Informist, Tuesday, May 6, 2025
MUMBAI – Multi Commodity Exchange Clearing Corp. Ltd. has notified those intending to deposit primary lead at its accredited warehouses that the goods will have to bear a standard mark under a licence from the Bureau of Indian Standards.
Warehouses will check the authenticity of the document submitted by the depositor and verify the licence of the producer, the corporation said in a notice. The warehouses will check the documents over and above the existing procedure of implementation of the quality control orders.
The Ministry of Mines, in an order dated Apr. 17, notified quality control orders for various metals including primary lead. The ministry stated that the order would come into effect in six months from the date of notification. End
Reported by Ashutosh Pati
Edited by Nishant Maher
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
