Executive Summary:
This notification concerns an amendment to the import policy of Iron and Steel, incorporating a policy condition in Chapters 72, 73, and 86 of the ITC HS, 2017, Schedule I (Import Policy). It amends Para e of Notification No. 17/2015-2020, dated September 5, 2019, regarding the implementation of the Steel Import Monitoring System (SIMS). The SIMS will be effective from November 21, 2019. A one-time relaxation for obtaining SIMS registration is notified until November 20, 2019.
Key Points / Main Content:
SIMS Implementation:
* The Steel Import Monitoring System (SIMS) will be effective from November 21, 2019.
* Bill of Entry on or after November 21, 2019, for listed items will be governed by SIMS.
Relaxation Period:
* A one-time relaxation for obtaining SIMS registration is provided until November 20, 2019.
Legal Basis:
* The notification is issued under Section 3 of the Foreign Trade (Development and Regulation) Act, 1992, and paragraphs 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020.
Amendment Details:
* This notification amends Para e of the policy conditions incorporated vide Notification No. 17/2015-2020, dated 5th September 2019.
Impact Analysis:
Importers of Iron and Steel:
Impact: Importers are subject to the Steel Import Monitoring System (SIMS) for goods arriving on or after November 21, 2019.
Action Required: Importers need to ensure SIMS registration for relevant items. They have a one-time relaxation until November 20, 2019, to obtain SIMS registration.
Customs Authorities:
Impact: Customs authorities are responsible for enforcing the SIMS regulations for iron and steel imports.
Action Required: Customs authorities need to ensure that imports of listed items on or after November 21, 2019, comply with SIMS requirements.
Directorate General of Foreign Trade (DGFT):
Impact: The DGFT is responsible for implementing and overseeing the amended import policy.
Action Required: The DGFT needs to disseminate information about the policy amendment and ensure its proper implementation.
Key Entities Referenced
Foreign Trade Policy, 2015-2020: A trade policy document referred to in the notification.
Foreign Trade (Development and Regulation) Act, 1992: An act of the Indian Parliament that provides for the development and regulation of foreign trade.
Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and commerce.
Directorate General of Foreign Trade: The agency of the Ministry of Commerce and Industry responsible for implementing the foreign trade policy.
Amit Yadav: Director General of Foreign Trade and Ex-officio Additional Secretary.
New Delhi: The location of the Directorate General of Foreign Trade, likely referring to New Delhi, Delhi, India.
ITC HS, 2017, Schedule I Import Policy: Indian Trade Classification based on Harmonized System, 2017, Schedule I which contains Import Policy
SIMS: SIMS refers to Steel Import Monitoring System. This system is used for registration of Bill of Entry for import of steel.
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5873 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF FOREIGN TRADE)
NOTIFICATION
New Delhi, the 13th November, 2019
No. 32/2015-2020
Subject : Amendment in import policy of Iron & Steel and incorporation of policy condition in Chapter
72, 73 and 86 of ITC (HS), 2017, Schedule– I (Import Policy).
S.O. 4096(E).—In exercise of powers conferred by Section 3 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 Para e of the Policy conditions incorporated vide Notification No. 17/2015-2020,
dated 5th September, 2019 published in the Gazette of India (Extraordinary) vide S.O. 3214(E), dated
5th September, 2019, as under:
e. The SIMS will be effective from 21.11.2019, i.e. Bill of Entry on or after 21.11.2019 for items as
listed in the Annex to this Notification shall be governed by SIMS.
Effect of the Notification : One time relaxation till 20.11.2019 for obtaining SIMS registration is notified.
[F. No. 01/89/180/Moni-5852/AM-03/PC-2(A)/Pt.III/e-2787]
AMIT YADAV, Director General of Foreign Trade &
Ex-officio Addl. Secy.
Note : The principal notification No. 36/2015-2020, dated the 17th January, 2017 was published in the
Gazette of India, Extraordinary vide number S.O. 172(E), dated the 17th January, 2017 and amended
vide Notification No. 17/2015-2020, dated 5th September, 2019 and published in the Gazette of India
vide S.O. 3214(E), dated 5th September, 2019.
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.