DGFT issued Clarification on Non-Ferrous Metal Import Monitoring System

DGFT issued Clarification on Non-Ferrous Metal Import Monitoring System The Directorate General of Foreign Trade (DGFT) has issued a Clarification regarding the Non-Ferrous Metal Import Monitoring System by releasing Policy Circular. Subsequent to the issuance of DGFT Notification No.61/2015-2020 dated 31.03.2021 amending the import policy of items of copper (Annexure-I to DGFT Notification No.61/2015-2020) falling in Chapter-74 of ITC (HS) and items of Aluminum (Annexure-II to DGFT Notification No.61/2015-2020) falling in Chapter-76 of ITC (HS) from 'Free' to 'Free subject to compulsory registration under Non-Ferrous Metal Import Monitoring System (NFMIMS)', DGFT has received various representations from members of Trade & Industry seeking clarification on NFMIMS. Clarification Given by DGFT on Non-Ferrous Metal Import Monitoring System:

• NFMIMS will not be applicable on air-freighted goods as this mode is used for emergency/small volume high-value goods required at short notice.
• Any number of consignments can be imported by a single NFMIMS registration within the validity of the registration.
• The information relating to proper QCO description can be treated as an optional category in the description filed by the importer under NFMIMS.
• Since the QCO information is optional information, therefore, it is not mandatory for the Custom officer to check QCO description under NFMIMS. However, customs officer has to consider the provisions/rules under the other laws of the land at the time of clearing the Bill of Entries.
• NFMIMS is applicable to imports through Advance Authorization, DFIA and import to SEZs.

For Official Circular Download PDF Given Below: