India’s Director General of Foreign Trade has issued the clarification on the Steel Import Monitoring System on 19 January 2022. Director General of Foreign Trade said “Subsequent to the issuance of Notification No 33/2015-2020 dated 28 09 2020 amending import policy of all HSN Codes under chapter-72, 73 and 86 of Schedule -I (Import Policy) of ITC (HS) from Free to Free subject to compulsory registration under Steel Import Monitoring System, DGFT has received various representations from members of Trade & Industry seeking clarification on SIMS. The issues were referred to Steel Ministry and based upon their clarification, responses are given belowA. Whether re-import of goods for packaging purposes falling under HS codes of Chapters 72,73 and 86 of ITC (HS), 2017 is also covered under scope of SIMS? “Response: Re-import of steel for packaging purposes will not be covered under SIMS as it is not primarily meant for value addition, rather being re-imported for packaging only.B. Whether SIMS Registration is required if the steel/steel item is exported from DTA to SEZ and then imported from SEZ to DTA when [i] the item is being imported to DTA without any value addition and [ii] the item is being imported to DTA after some value addition? “Response: In both the cases i.e. [i] if the steel item is exported from DTA to SEZ and then imported into DTA from SEZ without value addition, or [ii] with value addition, there should be no requirement for SIMS registration.”
India’s Director General of Foreign Trade has issued the clarification on the Steel Import Monitoring System on 19 January 2022. Director General of Foreign Trade said “Subsequent to the issuance of Notification No 33/2015-2020 dated 28 09 2020 amending import policy of all HSN Codes under chapter-72, 73 and 86 of Schedule -I (Import Policy) of ITC (HS) from Free to Free subject to compulsory registration under Steel Import Monitoring System, DGFT has received various representations from members of Trade & Industry seeking clarification on SIMS. The issues were referred to Steel Ministry and based upon their clarification, responses are given belowA. Whether re-import of goods for packaging purposes falling under HS codes of Chapters 72,73 and 86 of ITC (HS), 2017 is also covered under scope of SIMS? “Response: Re-import of steel for packaging purposes will not be covered under SIMS as it is not primarily meant for value addition, rather being re-imported for packaging only.B. Whether SIMS Registration is required if the steel/steel item is exported from DTA to SEZ and then imported from SEZ to DTA when [i] the item is being imported to DTA without any value addition and [ii] the item is being imported to DTA after some value addition? “Response: In both the cases i.e. [i] if the steel item is exported from DTA to SEZ and then imported into DTA from SEZ without value addition, or [ii] with value addition, there should be no requirement for SIMS registration.”
