Importers to submit advance info
The Steel Import Monitoring System (SIMS), launched in New Delhi 16 Sept 2019, will provide advance information about steel imports to Government and stake holders including, steel industry (producers), steel consumers (importers).
The system, to help with effective policy interventions, has been developed in consultation with Ministry of Steel on the pattern of US Steel Import Monitoring and Analysis (SIMA) system.
SIMS shall require importers to submit advance information in an online system for import of 284 steel tariff lines at 8-digit HS code in order to obtain an automatic Registration Number by paying prescribed registration fee.
It was launched by Commerce and Industry Minister Piyush Goyal and Minister of State for Commerce and Industry, Hardeep Singh Puri.
In this system, the importers of specified steel products will register in advance on the web portal of SIMS providing necessary information. The registration will be online and automatic and no human intervention is required, said the Commerce and Industry Ministry.
The importer can apply for registration not earlier than 60th day and not later than 15th day before the expected date of arrival of import consignment. The automatic Registration Number thus granted shall remain valid for a period of 75 days.
The information about the steel imports provided by the importers on the SIMS will be monitored by the Steel Ministry.
SIMS has been notified with effect from 1 November 2019 vide Notification No.17 dated 5 September 2019.
Importer shall have to enter the Registration Number and expiry date of Registration in the Bill of Entry to enable Customs for clearance of consignment.
The SIMS will be effective from 1 Nov 2019, i.e., Bill of Entry on or after 1 Nov 2019. The facility of online Registration is available with effect from 16 Sept 2019. fiinews.com
