Amendment in Import policy of Iron & Steel and incorporation of policy condition in Chapter 72, 73 and 86 of ITC(HS), 2017 Schedule-1

Amendment in Import policy of Iron & Steel and incorporation of policy condition in Chapter 72, 73 and 86 of ITC(HS), 2017 Schedule-1 https://www.taxtmi.com/circulars?id=63199 Import classifications for certain items in Chapters 72, 73 and 86 have been amended to be free subject to compulsory registration under Steel Import Monitoring System (SIMS). Importers must submit advance online information, obtain an automatic SIMS registration number on payment of the fee, and declare that registration in the Bills of Entry filed in ICES; Customs officers should not demand further documentary proof. SIMS excludes air freight consignments, covers multiple consignments per registration, applies to Advance Authorisation/DFIA/SEZ imports, and excludes temporary/FOC returnable steel racks. en-us Thu, 21 Nov 2019 00:00:00 +0530 Sat, 23 Nov 2019 09:37:00 +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-1 https://www.taxtmi.com/circulars?id=63199 Import classifications for certain items in Chapters 72, 73 and 86 have been amended to be free subject to compulsory registration under Steel Import Monitoring System (SIMS). Importers must submit advance online information, obtain an automatic SIMS registration number on payment of the fee, and declare that registration in the Bills of Entry filed in ICES; Customs officers should not demand further documentary proof. SIMS excludes air freight consignments, covers multiple consignments per registration, applies to Advance Authorisation/DFIA/SEZ imports, and excludes temporary/FOC returnable steel racks. Circulars Customs Thu, 21 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63199