Home India Ministry of Commerce and Industry Amendment in Registration Fees under Steel Import Monitoring...
Date: 28-Aug-2023 Category: Extra Ordinary State: Union Government Country: India

Amendment in Registration Fees under Steel Import Monitoring System (SIMS)

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

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Executive Summary & Key Takeaways

What it means

  • 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.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-28082023-248386 xxxGIDHxxx CG-DL-E-28082023-248386 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.ं 3657] नई दिल्ली, सोमवार, अगस्ट्त 28, 2023/भाद्र 6, 1945 No. 3657] NEW DELHI, MONDAY, AUGUST 28, 2023/BHADRA 6, 1945 ' ubZ fnYyh] 28 vxLr] 2023 .—fons'k O;kikj uhfr] 2023 ¼le;≤ ij ;Fkk la“kksf/kr½ ds iSjk 1-02 vkSj 2-01 ds lkFk ifBr fons'k O;kikj ¼fodkl ,oa fofu;eu½ vf/kfu;e] 1992 dh /kkjk 3 vkSj /kkjk 9 ds rgr iznÙk “kfDr;ksa dk iz;ksx djrs gq,] dsUnz ljdkj] ,rn}kjk vkbZVhlh ¼,p,l½ 2022 dh vuqlwph&I vk;kr uhfr ds v/;k;&72 dh uhfrxr “krZ la- 4¼x½] v/;k;&73 dh uhfrxr “krZ la- 3¼x½ vkSj v/;k; 86 dh uhfrxr “krZ la- 3¼x½ eas rRdky izHkko ls la”kks/ku djrh gSA bLikr vk;kr fuxjkuh iz.kkyh ¼,lvkbZ,e,l½ eas vk;krdks a bLikr vk;kr fuxjkuh iz.kkyh ¼,lvkbZ,e,l½ es a dks enka s ds vk;kr gsrq vkWuykbZu iz.kkyh eas vfxze lwpuk vk;krdks a dk s enka s ds vk;kr gsrq vkWuykbZu iz.kkyh es a izLrqr djuh gksxh vkSj lhvkbZ,Q ewY; ds U;wUkre 500 vfxze lwpuk izLrqr djuh gksxh vkSj ds :i;s vkSj vf/kdre 1 yk[k #i;s ds v/;/khu ,d #i;k iathdj.k “kqYd dk Hkqxrku djds ,d Lopkfyr izfr gtkj iathdj.k “kqYd dk Hkqxrku djds ,d Lopkfyr iathdj.k la[;k izkIr djuh gksxhA vk;krd vk;kr [ksi iathdj.k la[;k izkIr djuh gksxhA vk;krd vk;kr [ksi ds ds vkus dh vuqekfur frfFk ls vf/kdre 60 fnu iwoZ vku s dh vuqekfur frfFk ls vf/kdre 60 fnu iwoZ iathdj.k iathdj.k ds fy, vkosnu dj ldrk gSA bl izdkj nh ds fy, vkosnu dj ldrk gSA bl izdkj nh xbZ Lopkfyr xbZ Lopkfyr iathdj.k la[;k 75 fnuka s dh vof/k ds iathdj.k la[;k 75 fnuka s dh vof/k ds fy, ekU; gksxhA fy, ekU; gksxhA 5509 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] bLikr vk;kr fuxjkuh iz.kkyh ds rgr iathdj.k “kqYd rRdky izHkko ls la“kksf/kr fd;k x;k gSA bls okf.kT; ,oa m|ksx e=a h ds vuqeksnu ls tkjh fd;k tkrk gSA [Qk- la- 01@89@180@eksfu- &5852@,,e&03@ihlh&2¼d½@ikVZ&1@ bZ&18229] larks’k dqekj lkajxh] egkfuns'kd fons'k O;kikj vkSj inus vij lfpo 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.

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