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This notification amends the import policy conditions for certain electronic integrated circuits and related parts under Chapter 85 of the Indian Trade Clarification (Harmonized System) 2022 Schedule. Specifically, it discontinues the requirement of compulsory registration under the Chip Imports Monitoring System (CHIMS) for the following ITC HS codes: 85423100 - Processors, controllers, etc. 85423200 - Memories 85423300 - Amplifiers 85423900 - Other electronic integrated circuits 85429000 - Parts Previously, these products were subject to Policy Condition 8 of Chapter 85, which mandated CHIMS registration for import. With this notification, that condition has been removed, allowing free import of these items without the CHIMS requirement, with immediate effect. The changes are issued under the authority of the Foreign Trade (Development & Regulation) Act 1992 and Foreign Trade Policy 2023, with approval from the Minister of Commerce and Industry.
This notification amends the import policy conditions for certain electronic integrated circuits and related parts under Chapter 85 of the Indian Trade Clarification (Harmonized System) 2022 Schedule. Specifically, it discontinues the requirement of compulsory registration under the Chip Imports Monitoring System (CHIMS) for the following ITC HS codes: 85423100 - Processors, controllers, etc. 85423200 - Memories 85423300 - Amplifiers 85423900 - Other electronic integrated circuits 85429000 - Parts Previously, these products were subject to Policy Condition 8 of Chapter 85, which mandated CHIMS registration for import. With this notification, that condition has been removed, allowing free import of these items without the CHIMS requirement, with immediate effect. The changes are issued under the authority of the Foreign Trade (Development & Regulation) Act 1992 and Foreign Trade Policy 2023, with approval from the Minister of Commerce and Industry.
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TaxTMI 
TaxTMI 
