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of <h1>Clarification on Steel Import Monitoring System: No SIMS for Air Freight, Multiple Consignments Validity, Currency Conversion Rules Explained.</h1> The circular clarifies queries regarding Notification No. 17 related to the Steel Import Monitoring System (SIMS). It states that SIMS is not required for air-freighted steel, as this is for emergency or small, high-value goods. Registration under SIMS is valid for multiple consignments within 75 days and can cover multiple HS codes. SIMS applies to imports through Advance Authorisation, DFIA, and SEZs but not to returnable steel racks. No declaration is needed if consignments arrive outside the expected time, but registration is mandatory before clearance. A 5-10% variation in CIF value is acceptable, and non-USD/INR currencies must be converted to USD using Customs rates.
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