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Import policy revised for 215 iron, steel products, says DGFT notification


The government has made it mandatory for traders to register themselves with Steel Import Monitoring System (SIMS) to import 215 iron and steel products, including certain flat-rolled products; some stranded wire, ropes, cables; certain items of springs and leaves for springs of iron and steel; tubes, pipes and hollow profiles; diesel-electric locomotives; and some parts of railways, says a notification from the Directorate-General of Foreign Trade (DGFT), as per a report.


In a notification, the Directorate said that the SIMS will require importers to submit advance information in an online system for import of these items and obtain an automatic registration number by paying a specified fee. The importer can apply for registration not earlier than the 60th day and not later than 15th day before the expected date of arrival of import consignment, it added. The registration number will be valid for a period of 75 days.


Moreover, the importer will have to enter the registration number and expiry date of registration in the Bill of Entry to enable Customs to clear the consignment. The online registration will be available from September 16 this year. The SIMS, under the Department of Commerce, collects and publishes data of steel mill product imports. 


In a separate notification, the DGFT relaxed norms for import of Chlorotrifluoroethene, a chemical used as a refrigerant, the report added.

 

Source : Exim News Service - New Delhi, Sept. 10

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