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<h1>Steel Import Monitoring System Updates Registration Fee to Flat Rs. 500; Effective Immediately.</h1> The notification from the Directorate General of Foreign Trade, dated August 28, 2023, announces an amendment to the registration fees under the Steel Import Monitoring System (SIMS). The policy now requires importers to pay a flat registration fee of Rs. 500, replacing the previous fee structure of Rs. 1 per thousand on CIF value, with a minimum of Rs. 500 and a maximum of Rs. 1 lakh. Importers must submit advance information online and can apply for registration up to 60 days before the expected import date. The registration number remains valid for 75 days. This change is effective immediately.