N 26/2022 IN FORCE Import policy & restrictions ·? 2022-08-10

Amendment in minimum registration time period of Non-Ferrous Metal Import Monitoring System (NFMIMS).

Document text

To be published in the Gazette of India Extraordinary Part-II, Section-3, Sub-Section (II) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 26 /2015-2020 New Delhi, Dated: 107 August, 2022

Subject: Amendment in minimum registration time period of Non-Ferrous’ Metal Import

Monitoring System (NFMIMS).

S.O. (E): In exercise of powers conferred by Section 3 & 9 of FT (D&R) Act, 1992, read with

paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time,

the Central Government hereby amends the Policy condition No.03 (c) of Chapter- 74, and Policy Condition No. 01 (c) of Chapter-76 of Schedule-I (Import Policy) of ITC (HS), 2022: Existing Policy Condition Revised Policy Condition ‘The Non-ferrous metal Import Monitoring! System (NFMIMS) shall require importers to submit advance information in an online system| for import of items in the Annexure-I (for| copper) and Annexure-II (for aluminium) and obtain an automatic Registration Number by| paying a registration fee of Rs. 500/-. The importer can apply for registration not carlier| than 60th day and not later than Sth day before the expected date of arrival of import consignment. The automatic number _ thus| granted shall remain valid for a period of 75 ‘The Non-ferrous metal Import Monitoring System (NFMIMS) shall require importers to submit advance information in an online system for import of items in the Annexure-] (for copper) and Annexure-II (for aluminium) land obtain an automatic Registration Number by paying a registration fee of Rs. 500/-. The importer shall apply for registration before| the arrival of import consignment. Registration can be applied not earlier than 60th day before the expected date of arrival, (The automatic number thus granted shall days. remain valid for a period of 75 days. 2. Effect of the Notification: The requirement of advance registration of minimum 5 days from the expected date of arrival of import consignment under NFMIMS has been abolished/made zero. This issues with the approval of Minister of Commerce & Industry. pas aero (08 (Santosh Kumar Sarangi) Director General of Foreign Trade & Ex- officio Addl. Secretary to the Government of India (File No.01/89/180/07/AM-20/PC-2(A)/E-19469)

Verbatim extracted text (OCR/PDF). Older scans and tables may show extraction artifacts — verify against the original for anything you act on.

Analysis

No analysis has been generated for this document yet.

Citation copied