DGFT Amendment in import policy of Integrated Circuit s (1Cs) and incorporation of policy condition for HS Codes

Last updated: 12 May 2021

Save Share

Quick Summary

The Directorate General of Foreign Trade (DGFT) has amended the import policy for Integrated Circuits (ICs) and other related items. Effective from 1st August 2021, imports of these items will be subject to the Chip Imports Monitoring System (CHIMS). This system requires importers to register in advance and obtain an automatic registration number, with a small fee based on the CIF value.

Government of India

Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade

Notification No. 05/2015-2020
New Delhi, Dated: 10 May, 2021

Subject: Amendment in import policy of Integrated Circuits (lCs) and incorporation of policy condition for HS Codes 85423100, 85423900, 85423200, 85429000, and 85423300, of Chapter 85 of ITC (HS), 2017, Schedule – I (Import Policy).

S.O. 1840(E): In exercise of powers conferred by Section 3 read with Section 5 & Section 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 ti me to time, the Central Government hereby amends the import policy of following items under chapter 85 of I TC (HS), 2017, Schedule – I (Import Policy):

HS Code	Item Description	Present Policy	Revised Policy	Present Policy Condition	Revised Policy Condition
85423100	Electronic integrated circuits: – Processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits	Free	Free subject to compulsory registration under Chip Imports Monitoring System (CIIIMS)	–	Subject to Policy Condition 6 of Chapter-85
85423200	Electronic integrated circuits: – -Memories	Free Imports	Free subject to compulsory registration under Chip Monitoring System (CI IIMS)	–	Subject to Policy Condition 6 of Chapter-85
85423300	Electronic integrated circuits: – -Amplifiers	Free	Free subject to compulsory registration under Chip Imports Monitoring System (CIIIMS)	–	Subject to Policy Condition 6 of Chapter-85
85423900	Electronic integrated circuits: – – Other	Free Imports	Free subject to compulsory registration under Chip Monitoring System (CHIMS)	–	Subject to Policy Condition 6 of Chapter-85
85429000	Parts	Free	Free subject to compulsory registration under Chip Imports Monitoring System (CIIIMS)	–	Subject to Policy Condition 6 of Chapter-85

2. A new Policy Condition No. 6 is being added in Chapter-85 of ITC (HS), 2017, Schedule-I (Import Policy) which reads as under:

i. The Chip Imports Monitoring System (CHIMS) shall require importers to submit advance information in an online system for import of items and obtain an automatic Registration Number by paying registration fee of Rs. 1 per thousand subject to minimum of Rs. 100/ and maximum of Rs. Rs 500 on CIF value.

ii. The importer can apply for registration not earlier than 60^thday before the expected date of arrival of import consignment and can apply till the date of arrival of the import consignment . The Automatic Registration Number shall remain valid for a period of 75 days. Importer shall have to enter the Registration Number and expiry date of Registration in the Bill of Entry to enable Customs for clearance of consignment.

3. The facility of online testing of CHIMS, without payment of registration fee, will be available on www.imports.gov.in with effect from 01.05.2021 on trial basis. The CHIMS will be effective from 01.08.2021, i.e., Bill of Entry on or after 01.08.2021 for items as listed in this Notification shall be governed by CHIMS. Accordingly, the facility of online Registration for CHIMS will be available with effect from 01.08.2021.

4. Effect of the Notification: Import policy of item listed above shall be subject to Chip Imports Monitoring System (CHIMS) with effect from 01.08.2021.

(Amit Yadav)
Director General of Foreign Trade &
Ex- officio Addl. Secretary to the Government of India
Email: dgft@nic.in

(Issued from F.No. 01/89/180/29/AM-20/PC-2[A]/E-24342)

FAQ :

The import policy for Integrated Circuits (ICs) and related items has been amended, making them subject to the Chip Imports Monitoring System (CHIMS) from 1st August 2021.

CHIMS is a new system requiring importers to submit advance information online and obtain an automatic registration number before importing specified items.

The CHIMS system will be effective for the listed items from 1st August 2021. Bills of Entry submitted on or after this date will be governed by CHIMS.

A registration fee of Rs. 1 per thousand, subject to a minimum of Rs. 100 and a maximum of Rs. 500, is payable on the CIF value of the import consignment.

The automatic registration number obtained through CHIMS is valid for a period of 75 days from the date of issue.

Yes, a facility for online testing of CHIMS without payment of registration fee was available on www.imports.gov.in from 1st May 2021 on a trial basis.

Notification No : 05/2015-2020
Source : https://content.dgft.gov.in/Website/dgftprod/3d0f7d70-c45c-4b90-bf3d-514968411693/Noti%205%20Eng%20Date%2010-05-2021.pdf

184 Views Comment Share Miscellaneous Report

Notification posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments