Amendment in import policy of Iron & Steel and incorporation of policy condition in Chapter 72, 73 and 86 of ITC (HS), 2017, Schedule-I (Import Policy)

Amendment in import policy of Iron & Steel and incorporation of policy condition in Chapter 72, 73 and 86 of ITC (HS), 2017, Schedule-I (Import Policy) https://www.taxtmi.com/circulars?id=62609 Import policy for specified Iron & Steel items in Chapters 72, 73 and 86 of the ITC (HS), 2017 is revised from 'free' to free subject to compulsory registration under the Steel Import Monitoring System (SIMS). Importers must submit advance information online to obtain an automatic Registration Number (valid 75 days) by applying no earlier than 60 days and no later than 15 days before expected arrival, and pay a fee of Rs.1 per thousand of CIF value (minimum Rs.500, maximum Rs.100,000). The Registration Number and expiry must be entered in the Bill of Entry. SIMS registration available from 16.09.2019 and applies to Bills of Entry on or after 01.11.2019. en-us Mon, 16 Sep 2019 00:00:00 +0530 Fri, 27 Sep 2019 16:53:00 +0530 TaxTMI RSS Generator Amendment in import policy of Iron & Steel and incorporation of policy condition in Chapter 72, 73 and 86 of ITC (HS), 2017, Schedule-I (Import Policy) https://www.taxtmi.com/circulars?id=62609 Import policy for specified Iron & Steel items in Chapters 72, 73 and 86 of the ITC (HS), 2017 is revised from 'free' to free subject to compulsory registration under the Steel Import Monitoring System (SIMS). Importers must submit advance information online to obtain an automatic Registration Number (valid 75 days) by applying no earlier than 60 days and no later than 15 days before expected arrival, and pay a fee of Rs.1 per thousand of CIF value (minimum Rs.500, maximum Rs.100,000). The Registration Number and expiry must be entered in the Bill of Entry. SIMS registration available from 16.09.2019 and applies to Bills of Entry on or after 01.11.2019. Circulars Customs Mon, 16 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62609