The gazette notification announces an amendment to the registration fee structure under the Steel Import Monitoring System (SIMS).
Key Changes
The registration fee for the Steel Import Monitoring System (SIMS) has been revised.
The previous fee structure was ₹1 per thousand subject to a minimum of ₹500 and a maximum of ₹1 lakh on CIF value.
The revised fee structure is a flat ₹500.
The changes are effective immediately.
The validity of the automatic Registration Number remains unchanged at 75 days.
Impact Analysis
Importers
No change in the validity period of the automatic Registration Number, which remains 75 days.
Government
The notification is issued under the authority of Section 3 and Section 9 of the Foreign Trade (Development and Regulation) Act, 1992, ensuring legal compliance.
Action Items
Stakeholders should monitor the impact of the revised fee structure on steel imports and provide feedback to the government if necessary.
Key Entities Referenced
Central Government: The issuer of the notification, exercising powers conferred by the Foreign Trade (Development and Regulation) Act, 1992.
Directorate General of Foreign Trade (DGFT): The agency responsible for implementing and administering foreign trade policy.
Foreign Trade (Development and Regulation) Act, 1992: The enabling legislation that grants the Central Government the power to regulate foreign trade.
Foreign Trade Policy, 2023: The overarching policy framework governing India's foreign trade.
Steel Import Monitoring System (SIMS): A system requiring importers to submit advance information for steel imports.
ITC(HS) 2022: Indian Trade Classification (Harmonized System) 2022, Schedule 1 - Import Policy, which includes chapters 72, 73 and 86 that are being amended.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-28082023-248386
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
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No. 3657] NEW DELHI, MONDAY, AUGUST 28, 2023/BHADRA 6, 1945
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MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
NOTIFICATION
New Delhi, the 28th August, 2023
No. 28/2023
Subject: Amendment in Registration Fees under Steel Import Monitoring System (SIMS) reg.
S.O. 3818 (E).—In exercise of powers conferred by Section 3 and Section 9 of the Foreign Trade
(Development and 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 Policy Condition No. 4(c) of Chapter 72,
Policy Condition No. 3(c) of Chapter 73 and Policy Condition No. 3(c) of Chapter 86 of Schedule 1 - Import Policy -
ITC(HS) 2022, with immediate effect:
Existing Policy Condition Revised Policy Condition
The Steel Importing Monitoring System (SIMS) shall The Steel Importing Monitoring System (SIMS) shall
require importers to submit advance information in an require importers to submit advance information in an
online system for import of items and obtain an online system for import of items and obtain an
automatic Registration Number by paying registration automatic Registration Number by paying registration
fee of Rs. 1 per thousand subject to minimum of Rs. fee of Rs.500 /-. The importer can apply for
500/ and maximum of Rs. 1 lakh on CIF value. The registration not earlier than 60th day before the
importer can apply for registration not earlier than 60th expected date of arrival of import consignment. The
day before the expected date of arrival of import automatic Registration Number thus granted shall
consignment. The automatic Registration Number thus remain valid for a period of 75 days.
granted shall remain valid for a period of 75 days.
2. Effect of the Notification: The registration Fee under Steel Importing Monitoring System (SIMS) has been
revised with immediate effect.
This issues with the approval of Minister of Commerce & Industry.
[F. No. 01/89/180/Moni-5852/AM-03/PC-2[A]/Part-1/E-18229)
SANTOSH KUMAR SARANGI, Director 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.