PIMS Registration: Eligibility, Documents, Process, Fees
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Introduction
The Directorate General of Foreign Trade (DGFT) has recently announced the introduction of the Paper Import Monitoring System (PIMS) by amending the import policy of 201 tariff lines under Chapter 48 of the Indian Trade Classification (ITC) [HS] 2022 / 2017 Schedule 1 for major paper products. This amendment mandates the registration of these products under PIMS, which was previously categorized as ‘free.’
The PIMS has been introduced to capture specific details of the import of paper and paper products under Chapter 48 of the ITC [HS] 2017 Schedule 1. The system will collect detailed information on imports of these products, which will aid in the analysis of trade and facilitate policy formulation. Real-time access to information will enable monitoring and targeted decision-making.
Purpose of PIMS registration
Import under the others category tariff items
Re-routing goods through other countries instead of trade agreements
Dumping of papers and paper products in the domestic market by way of under-invoicing
Entry of prohibited goods by misdeclaration.
Pims may also promote the Make in India and Atmanirbhar initiatives under this category.
PIMS Registration process
Online Registration
An importer must create an account on the Pims portal, providing their details and mandatory documents.
Product Details
Detailed information about the imported paper products, including quantity, value, and country of origin, must be submitted.
Monitoring and Compliance
Registered importers are subject to monitoring and compliance checks to ensure adherence to the regulations.
Conclusion
Department of Commerce [ doc] and the Department for Promotion of Industry and Internal Trade [ DPIIT ] have implemented the Paper Import Monitoring System (PIMS) to ensure paper imports into the country are registered and tracked, irrespective of the purpose and under any scheme, such as Advance Authorization, IGCR, EOU, or SEZ. This measure has been instrumental in India’s considerable progress in international trade and commerce, enabling the country to emerge as a major player in the global paper industry.
PIMS is a transformative mechanism in the realm of international paper trade, allowing importers to register and monitor their paper imports. The system provides valuable information on paper prices and other market data.
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