1. Overview
In this article, we will delve into the Steel Import Monitoring System, commonly known as SIMS Registration.
We will explore the reasons behind the introduction of this monitoring system, the products or HSN codes to which it applies for imports, the application procedure, required documents, and address major confusions through important FAQs.
By the end of this Page, all your doubts and concepts regarding SIMS Registration will be clarified. So let's dive in
2. Why was the Steel Import Monitoring System [SIMS] Introduced & Which Products does it cover?
India's status as a net importer of steel is a significant concern for the Government. To address this and minimize imports further, the Government requires detailed information on all steel imports into India. This enables them to take necessary actions in advance.
The introduction of the Steel Import Monitoring System (SIMS) ensures that the Government receives all pertinent details in advance. This includes information on the imported products, their origin countries, quantities, CIF values, and more.
The primary reason for implementing SIMS registration is to prevent the dumping of steel products in India, minimize imports, and proactively safeguard the domestic manufacturing industry by imposing anti-dumping duties when necessary.
Now, you might wonder which specific products or HS codes require SIMS registration. Essentially, SIMS registration is mandatory for all products and HSN codes falling under Chapters 72, 73, and 86 of ITC HS Code. Currently, there are over 524 HS codes covered under the Steel Import Monitoring System, encompassing both iron and steel products.
3. Where and When to apply for SIMS Registration?
You need to apply for SIMS before the shipment arrives. The application window will open not earlier than 60 days before the shipment's arrival.
As of now, there is no specific deadline for registration. However, it's crucial to note that the Bill of Entry must include the SIMS registration number and expiry date; otherwise, Customs will not clear the shipment. You can see a sample image of the SIMS certificate/registration below:
To register for SIMS, you must apply online on the DGFT website under the "Import Management System" tab. Upon submitting your application, you will receive the SIMS registration number immediately, which will be valid for 75 days.
4. Required Documents, Details & Application Fees
In the below image, you can see the mandatory details required to be filled while registering for SIMS.
You need to provide details such as exporter and manufacturer information, country of origin, detailed information about the imported product including technical specifications, quantity, value, etc.
DGFT also asks whether a similar steel grade is available in India or not. If yes, you need to provide reasons for importing it.
All this information enables the government to make data-driven decisions and implement relevant policy changes.
The government fee for the application is only Rs. 500, and you can submit the application using either Digital Signature or Aadhar method.
5. How can we assist you to get a SIMS Certificate?
Our experts assist you in getting the registration done under SIMS:
- We assist you in the documentation and guide you about the data which has to be kept ready to get SIMS registration.
- Assistance would be given in online application on online Portal.
- Coordination with issuing authority if any further clarification has been asked by them.
- Obtaining the registration number from the issuing authority instantly.
6. Why Afleo Group?
We only have the goal of providing very reliable services with the most competitive cost to the exporters under one roof.
Social Media Presence: We wish to get every opportunity to grow our relationships with our clients and for which we made our presence on each social networking site to update them about the latest Notifications, Circulars, Amendment done in foreign trade policies.
24/7 Telephonic Service: We believe in offering better and faster services to our clients who can't afford to wait until the morning for a problem to be fixed. We are just a phone call away, they just need to call or drop a mail and we try to reach them as soon as possible.
7. FAQ's
You need to submit a separate application for each Customs entry because the registration number will be valid for only 75 days each time you apply. However, you can cover multiple products in one application if the manufacturer, importer, exporter, country of origin, and port of registration are the same for all products.
Yes, SIMS registration is compulsory for importing sample products.
Yes, SIMS registration is compulsory for imports by air.
If the final submission has not been made, you can make changes. However, once the final submission is made, no amendments are allowed, and you will need to create a new registration.
8. Latest Updates
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