Home India Ministry of Commerce and Industry Amendment in registration time period of Steel Import Monito...
Date: 2022-07-07 Category: Extra Ordinary State: Union Government Country: India

Amendment in registration time period of Steel Import Monitoring System (SIMS)

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

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

## Report on Amendment to Steel Import Monitoring System (SIMS) **1. Executive Summary:** This report analyzes an amendment to the Steel Import Monitoring System (SIMS) as notified by the Directorate General of Foreign Trade (DGFT) on July 7, 2022. The core purpose of this amendment is to remove the requirement for advance registration of at least 15 days before the expected date of arrival of import consignment under SIMS. This change is likely intended to streamline the import process for steel items and reduce potential delays. The key finding is that importers no longer need to register their imports within the previously mandated 15-day window. **2. Introduction:** This report provides an informative overview and analysis of an amendment to the Steel Import Monitoring System (SIMS), based solely on the official notification issued on July 7, 2022. The aim is to clarify the nature and impact of these changes. **3. Policy Overview:** * **Original Policy:** The amendment pertains to the Steel Import Monitoring System (SIMS) which is an established framework. * **Core Objective(s):** The SIMS, inferred from the text, seeks to monitor and regulate steel imports by requiring importers to submit advance information through an online system and obtain an automatic Registration Number. This suggests objectives of data collection, import tracking, and potentially ensuring compliance. **4. Background and Rationale:** This amendment specifically addresses the timing of the registration process within the existing SIMS framework. The original SIMS mandated registration not earlier than 60 days and not later than 15 days before the expected arrival date. The removal of the minimum 15-day advance registration requirement suggests a response to potential inefficiencies or burdens caused by this specific timeframe. The amendment likely aims to provide importers with greater flexibility in their registration timing, potentially reducing delays and associated costs. **5. Key Provisions / Changes:** This amendment focuses solely on altering the registration timeline within SIMS. * **Specific Part Changed:** The amendment directly alters the "Existing Policy Condition" pertaining to the Steel Import Monitoring System (SIMS) mentioned in Policy condition No.04c of Chapter 72, Policy Condition No. 03 c of Chapter73 and Policy Condition No.03 c of Chapter86 of ScheduleI Import Policy of ITC HS, 2022. * **New Rule/Provision:** The requirement of advance registration of minimum 15 days from the expected date of arrival of import consignment under SIMS has been abolished. * **Difference/Effect:** Previously, importers *had* to register at least 15 days before the expected arrival date. This is *no longer* required. Importers can now register at any point within the 60-day window prior to arrival, up to the arrival date itself. The Registration Number continues to be valid for 75 days. **6. Target Audience and Stakeholders:** The target audience for this amendment is clearly **importers of steel**. These are the businesses and individuals directly affected by the SIMS registration process. Stakeholders also include the **Directorate General of Foreign Trade (DGFT)** which is responsible for overseeing and implementing the SIMS, and, more broadly, the **Ministry of Commerce and Industry**. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The **Directorate General of Foreign Trade (DGFT)** is the responsible body for implementing and overseeing this change. * **Timelines/Procedures:** The amendment is effective immediately from the date of notification (July 7, 2022). The online system for SIMS registration will need to be updated to reflect the removal of the 15-day advance registration requirement. The other aspects of the registration process, such as the fee structure and the 75-day validity period of the registration number, remain unchanged. * **Changes to Implementation:** The primary change to implementation is that the online system and DGFT guidance must remove any enforcement or reminders related to the 15-day advance registration. **8. Expected Outcomes / Impact of Changes:** The intended outcome of this amendment is to streamline the steel import process by providing greater flexibility to importers. By removing the 15-day advance registration requirement, the amendment aims to: * **Reduce Potential Delays:** Importers may face fewer delays related to registration timing, particularly if arrival dates are uncertain. * **Decrease Administrative Burden:** The removal of a fixed timeline requirement may reduce the administrative burden on importers. The overall impact is expected to be a more efficient and responsive SIMS process, which benefits both importers and the DGFT. **9. Conclusion:** The amendment to the Steel Import Monitoring System (SIMS), as notified on July 7, 2022, represents a significant adjustment to the registration timeline, streamlining the process by removing the 15-day advance registration requirement. This change provides increased flexibility for steel importers, and its intended outcome is to reduce delays and improve overall efficiency of the SIMS process. The adjustment is a valuable improvement for the importing industries who utilize the SIMS system.

Key Entities Referenced

Foreign Trade Policy, 2015-2020: A trade policy that is being amended. Foreign Trade Development and Regulation Act, 1992: A legal act providing powers related to foreign trade, specifically Sections 3 and 9 are mentioned. ITC HS, 2022: Refers to Indian Trade Classification based on Harmonized System, 2022 version. Schedule-I Import Policy: The import policy document/schedule which is part of the ITC HS, 2022 Steel Import Monitoring System (SIMS): A system for monitoring steel imports, requiring advance information submission. Ministry of Commerce and Industry: The Indian government ministry responsible for commerce and industry. Department of Commerce: A department under the Ministry of Commerce and Industry. Directorate General of Foreign Trade: An organization under the Department of Commerce. New Delhi: The location of the notification and the office of the Directorate General of Foreign Trade in Delhi. Santosh Kumar Sarangi: Director General of Foreign Trade and Ex officio Additional Secretary.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-07072022-237178 xxxGIDHxxx CG-DL-E-07072022-237178 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.ं 2974] नई दिल्ली, बृहस्ट्प जतवार, िुलाई 7, 2022/आषाढ़ 16, 1944 No. 2974] NEW DELHI, THURSDAY, JULY 7, 2022/ASHADHA 16, 1944 ubZ fnYyh] 7 tqykbZ] 2022 -—le;≤ ij ;Fkk la'kksf/kr fon's k O;kikj uhfr] 2015&2020 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 9 ds rgr iznÙk “kfDr;ka s dk iz;ksx djr s gq,] dsUnz ljdkj] ,rn}kjk vkbZVhlh ¼,p,l½ 2022 dh vuqlwph&I ¼vk;kr uhfr½ ds v/;k;&72 dh uhfrxr “krZ la- 04¼x½] v/;k;&73 dh uhfrxr “krZ la- 03¼x½ vkSj v/;k; 86 dh uhfrxr “krZ la- 03¼x½ es a la'kks/ku djrh gSA bLikr vk;kr fuxjkuh iz.kkyh ¼,lvkbZ,e,l½ esa bLikr vk;kr fuxjkuh iz.kkyh ¼,lvkbZ,e,l½ esa vk;krdks a dks enksa ds vk;kr grs q vkWuykbZu iz.kkyh es a vk;krdks a dks enksa ds vk;kr grs q vkWuykbZu iz.kkyh es a vfxze lwpuk izLrqr djuk vifs{kr gksxk vkSj lhvkbZ,Q vfxze lwpuk izLrqr djuk vifs{kr gksxk vkSj lhvkbZ,Q ewY; ds U;wUkre 500 #Œ vkSj vf/kdre 1 yk[k #i;s ewY; ds U;wUkre 500 #Œ vkSj vf/kdre 1 yk[k #i;s ds v/;/khu ,d #i;k izfr gtkj iathdj.k “kqYd dk ds v/;/khu ,d #i;k izfr gtkj iathdj.k “kqYd dk Hkqxrku djds ,d Lopkfyr iathdj.k la[;k izkIr Hkqxrku djds ,d Lopkfyr iathdj.k la[;k izkIr djuh gksxhA vk;krd vk;kr [ksi ds vkus dh djuh gksxhA 4599 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] vuqekfur frfFk ls vf/kdre 60 fnu iwoZ vkSj de ls de 15 fnu iwoZ iathdj.k ds fy, vkons u dj ldrk bl gSA bl izdkj nh xbZ Lopkfyr iathdj.k la[;k 75 izdkj nh xbZ Lopkfyr iathdj.k la[;k 75 fnuksa dh fnuka s dh vof/k ds fy, ekU; gksxhA vof/k ds fy, ekU; gkxs hA ,lvkbZ,e,l ds rgr vk;kr [kis ds vkus dh vuqekfur frfFk ls de&ls&de 15 fnuka s ds vfxze iathdj.k dh vko';drk dk s lekIr dj fn;k x;k gSA [Qk- la- 01@89@180@,evk,s uvkbZ&5852@,,e&03@ihlh&2¼d½@bZ&1663] lark’sk dqekj lkajxh] 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 7th July, 2022 No. 19 /2015-2020 Subject : Amendment in registration time period of Steel Import Monitoring System (SIMS). S.O. 3124(E).—In exercise of powers conferred by Section 3 & 9 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends the Policy condition No.04(c) of Chapter- 72, Policy Condition No. 03 (c) of Chapter-73 and Policy Condition No.03 (c) of Chapter-86 of Schedule-I (Import Policy) of ITC (HS), 2022: Existing Policy Condition Revised Policy Condition The Steel Importing Monitoring System (SIMS) The Steel Importing Monitoring System (SIMS) shall require importers to submit advance shall require importers to submit advance information in an online system for import of items information in an online system for import of items and obtain an automatic Registration Number by and obtain an automatic Registration Number by paying registration fee of Rs. 1 per thousand paying registration fee of Rs. 1 per thousand subject subject to minimum of Rs. 500/ and maximum of to minimum of Rs. 500/ and maximum of Rs. 1 lakh Rs. 1 lakh on CIF value. The importer can apply on CIF value. The importer can apply for for registration not earlier than 60th day and not registration not earlier than 60th day before the later than 15th day before the expected date of expected date of arrival of import arrival of import consignment. The automatic consignment. The automatic Registration Number Registration Number thus granted shall remain thus granted shall remain valid for a period of 75 valid for a period of 75 days. days. 2. Effect of the Notification: The requirement of advance registration of minimum 15 days from the expected date of arrival of import consignment under SIMS has been abolished. This issues with the approval of Minister of Commerce & Industry. [F. No. 01/89/180/MONI-5852/AM-03/PC-2(A)/E-1663] 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.

Continue your research