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Date: 29-Nov-2024 Category: Extra Ordinary State: Union Government Country: India

Amendment in Import Policy Condition of ITC HS Codes 85423100 85423900 85423200 85429000 and 85423300 covered under Chapter 85 of ITC HS 2022 Schedule 1 Import Policy

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

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Executive Summary & Key Takeaways

What it means

  • This gazette notification, issued by the Ministry of Commerce and Industry, announces an amendment to the import policy for certain electronic integrated circuits and their parts.
  • The key change is the removal of the mandatory registration requirement under the Chip Imports Monitoring System (CHIMS) for specific items listed under Chapter 85 of the ITC (HS), 2022 Schedule-1 (Import Policy).

Key Changes

  • The notification specifically addresses the import policy conditions for the following ITC (HS) codes: 85423100, 85423200, 85423300, 85423900 and 85429000.
  • Previously, imports under these codes were subject to compulsory registration under the Chip Imports Monitoring System (CHIMS).
  • The notification states that the requirement for compulsory registration under CHIMS, as per Policy Condition No. 08 of Chapter 85 of ITC (HS), 2022, Schedule-1, has been discontinued with immediate effect.
  • The policy change is effective from November 29, 2024.

Impact Analysis

Importers of Electronic Integrated Circuits

  • This change may result in increased imports due to reduced procedural hurdles.

Government Agencies

  • The government will need to monitor the impact of this policy change on the import of electronic integrated circuits.

Domestic Manufacturers

  • Domestic manufacturers may need to adapt to this change by improving their competitiveness.

Key Entities Referenced

Ministry of Commerce and Industry: The issuing authority of this notification, responsible for formulating and implementing trade policies. Directorate General of Foreign Trade (DGFT): The agency responsible for implementing foreign trade policies and regulations. Foreign Trade (Development & Regulation) Act, 1992: The primary legislation governing foreign trade in India, under which this notification is issued. Foreign Trade Policy 2023: The overarching policy document that guides India's foreign trade, referenced in the notification. ITC (HS), 2022, Schedule-1 (Import Policy): The classification system for goods used in international trade, specifically the import policy schedule. Chip Imports Monitoring System (CHIMS): The system under which mandatory registration was previously required for the import of specific electronic integrated circuits, now discontinued for certain items.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-02122024-259069 CG-DxLx-xEG-I0D2H1x2x2x0 24-259069 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 4768] नई दिल्ली, िुक्रवार, नवम्ब र 29, 2024/ अग्रहायण 8, 1946 No. 4768] NEW DELHI, FRIDAY, NOVEMBER 29, 2024/ AGRAHAYANA 8, 1946 ( ) अधिसचू ना नई दिल् ली, 29 नवम् बर, 2024 का.आ. 5160(अ).—le;≤ ij ;Fkkla'kksf/kr fon's k O;kikj uhfr] 2023 ds iSjkxzkQ 1-02 vkSj 2-01 ds lkFk ifBr fon's k O;kikj ¼fodkl ,oa fofu;eu½ vf/kfu;e] 1992 dh /kkjk 3 vkSj /kkjk 5 }kjk çnÙk 'kfä;kas dk ç;kxs djr s gq,] dsæa ljdkj ,rn~}kjk vkbVhlh ¼,p,l½] 2022] vuqlwph&I ¼vk;kr uhfr½ ds v/;k; 85 ds vra xZr 'kkfey fuEufyf[kr enks a dh vk;kr uhfrxr 'krkasZ dks rRdky çHkko ls fuEukuqlkj la'kksf/kr djrh gS% 85423100 & bysDVª‚fud ,dh—r lfdZV% eqDr v/;k;&85 dh uhfrxr 'krZ & && çkls slj vkjS daVªksyj] pkg s 8 ds v/khuA fpi vk;kr 7751 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] ees ksjh] dUoVZlZ] y‚ftd lfdZV] fuxjkuh ç.kkyh ,EiyhQk;j] ?kM+h vkSj Vkbfexa ¼lh,pvkb,e,l½ ds varxZr lfdZV] ;k vU; lfdZV ls ;qä vfuok;Z iathdj.k ds v/khu gks a ;k ugha 85423200 bysDVª‚fud ,dh—r lfdZV % eqDr v/;k;&85 dh uhfrxr 'krZ & && esekjs ht 8 ds v/khuA fpi vk;kr fuxjkuh ç.kkyh ¼lh,pvkb,e,l½ ds varxZr vfuok;Z iathdj.k ds v/khu 85423300 & bysDVª‚fud ,dh—r lfdZV% eqDr v/;k;&85 dh uhfrxr 'krZ & && ,EiyhQk;j 8 ds v/khuA fpi vk;kr fuxjkuh ç.kkyh ¼lh,pvkb,e,l½ ds varxZr vfuok;Z iathdj.k ds v/khu 85423900 & bysDVª‚fud ,dh—r lfdZV% eqDr v/;k;&85 dh uhfrxr 'krZ & && vU; 8 ds v/khuA fpi vk;kr fuxjkuh ç.kkyh ¼lh,pvkb,e,l½ ds varxZr vfuok;Z iathdj.k ds v/khu 85429000 & ikVZ~l eqDr v/;k;&85 dh uhfrxr 'krZ & 8 ds v/khuA fpi vk;kr fuxjkuh ç.kkyh ¼lh,pvkb,e,l½ ds varxZr vfuok;Z iathdj.k ds v/khu vkbVhlh ¼,p,l½] 2022] vuqlwph&1 ¼vk;kr uhfr½ ds v/;k; 85 dh uhfrxr 'krZ la[;k 08 ds lanHkZ es a fpi vk;kr fuxjkuh ç.kkyh ¼lh,pvkb,e,l½ ds rgr vfuok;Z iathdj.k dh vko';drk dks rRdky çHkko ls ÞlekIrß dj fn;k x;k gSA bls okf.kT; ,o a m|ksx ea=h ds vuqeksnu ls tkjh fd;k tkrk gSA [फा. स.ं 01@89@180@29@,,e&20@ihlh&2[,]@24342 ls tkjh] lark"s k dqekj lkjaxh] egkfuns'kd fons'k O;kikj vkSj insu vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) DIRECTORATE GENERAL OF FOREIGN TRADE NOTIFICATION New Delhi, the 29th November, 2024 No. 41/2024-25 Subject: Amendment in Import Policy Condition of ITC HS Codes 85423100, 85423900, 85423200, 85429000 and 85423300 covered under Chapter 85 of ITC (HS), 2022, Schedule-1(Import Policy) S.O. 5160(E).— In exercise of powers conferred by Section 3 and Section 5 of Foreign Trade (Development & Regulation) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy 2023, as amended from time to time, the Central Government hereby amends the Import Policy Condition of following items covered under Chapter 85 of ITC (HS), 2022, Schedule – I (Import Policy), with immediate effect, as under: ITC(HS) Description Import Existing Policy Condition Revised Policy Code Policy Condition 85423100 - Electronic integrated circuits : -- Free Subject to Policy Condition 8 of - Processors and controllers, whether Chapter-85. Subject to compulsory[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 or not combined with memories, registration under Chip Imports converters, logic circuits, amplifiers, Monitoring System (CHIMS) clock and timing circuits, or other circuits 85423200 Electronic integrated circuits : -- Free Subject to Policy Condition 8 of - Memories Chapter-85. Subject to compulsory registration under Chip Imports Monitoring System (CHIMS) 85423300 - Electronic integrated circuits : -- Free Subject to Policy Condition 8 of - Amplifiers Chapter-85. Subject to compulsory registration under Chip Imports Monitoring System (CHIMS) 85423900 - Electronic integrated circuits : -- Free Subject to Policy Condition 8 of - Other Chapter-85. Subject to compulsory registration under Chip Imports Monitoring System (CHIMS) 85429000 - Parts Free Subject to Policy Condition 8 of - Chapter-85. Subject to compulsory registration under Chip Imports Monitoring System (CHIMS) Effect of the Notification: The Requirement of Compulsory Registration under Chip Imports Monitoring System (CHIMS) in terms of Policy Condition No. 08 of Chapter 85 of ITC (HS), 2022, Schedule-1(Import Policy) has been “Discontinued”, with immediate Effect. This is issued with the approval of Minister of Commerce & Industry. [F. No. 01/89/180/29/AM-20/PC-2[A]/24342] SANTOSH KUMAR SARANGI, Dir. General of Foreign Trade & Ex-officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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