Government made import registration compulsory for a host of electronic integrated circuits (ITC HS Codes: 85423100, 85423900, 85423200, 85429000, 85423300) under the chip imports monitoring system (CHIMS).
The Commerce and Industry Ministry Mr. Piyush Goyal has launched CIMS, under which coal importers will have to provide advance information about the imports and obtain a registration number/CIMS License, to have effective foreign trade policy interventions.
The CIMS came in effect from 1st April 2021, i.e. the Bill of entry filed on or after 1st April shall be governed by CIMS. The online registration has been started since 15th February 2020 to obtain the registration number.
The registration has to be done not earlier than the 60th day and not later than the 15th day before the expected date of arrival of the import consignment.
Legal action would be taken including the action under FTDR Act, 1992 for the steel importers who are failing to register under SIMS in advance or found to furnish wrong data in the online system.
The objective of introducing the CIMS is to enable the Government of India to maintain and update constantly a database containing the advance information of coal products imported in India.
The data received through the CIMS help the Government in effective policy formulations and implementations regarding steel imports.
List of Import Goods required registration under CIMS
The application fee of Rs. 1 per thousand subjects to a minimum of Rs. 500/- and a maximum of Rs. 1 Lakh on the CIF value of import required to be paid through the online system.
The validity of the Registration number or CIMS license would be 75 days from the approved date.
To get the registration number /CIMS license there are various documents/data that has to be kept ready in hand
The Documents such as Digital signature certificate, active IEC copy required with the following import & item details –
Details required for CIMS registration
The registration number /CIMS license would be generated immediately as the application is submitted on the portal.
The steam coal importers only have to enter the registration number and expiry date of the registration number in the bill of entry.
Modification of the license under CIMS is not permitted once the application submitted on the portal. The draft online application details can be modified from draft section on the website.
Same for the cancellation, the cancellation of license is not permitted once it is submitted. The draft application can be deleted from the portal.
There is no provision given for the fee refund after the cancellation.
Modification, cancellation, refund of fee post submission can be evaluated in near future when the CIMS system would be enhanced.
Our experts assist you in getting the registration done under CIMS: