vinti | Jun 30, 2022 |
DGFT Notifies Clarification regarding CHIMS
The Directorate General of Foreign Trade (DGFT) vide Circular No. 40/2015-2020 Dated 27 June 2022 notifies Clarification regarding CHIMS.
The Circular is given below:
Subsequent to the issuance of Notification No.05/2015-2020 dated 10.05.2021 amending the import policy of items covered under ITC(HS) codes 85423100, 85423200, 85423300, 85423900, and 85429000 falling in Chapter-85 of ITC (HS) from ‘Free’ to ‘Free subject to compulsory registration under Chip Import Monitoring System (CHIMS)’, DGFT has received various representations from members of Trade & Industry seeking clarification on CHIMS.
2. The issues were referred to Mio Electronics & Information Technology and based upon the clarification received, responses thereto are given below:
A. Whether multiple consignments against a CHIMS registration can be imported within the validity period of CHIMS Registration?
Response: Importer may include multiple products in one registration number. However, for each shipment a separate registration number is required.
B. Whether air/sea shipments are exempted from CHIMS?
Response: The CH/MS is applicable for air/sea shipments also. The CH/MS registration can also be made on the same day of arrival of import.
C. Whether CHIMS is applicable on microprocessors covered under ITC (HS) code 84733010 and memory modules covered under ITC (HS) code 84733099?
Response: The microprocessors covered under ITC (HS) code 84733010 modules under ITC (HS) code 84733099 are excluded from CH/MS.
This issues with the approval of the competent authority.
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