SIMS Registration: Eligibility, Documents, Process, Fees
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Introduction
India has made remarkable strides in international trade and commerce in recent years, emerging as a major player in the global steel industry with a growing demand for steel products. To accomplish this, the Indian government has introduced the steel import monitoring system (SIMS).
Required Documents For SIMS Certificate
- 📝 Basic details and documents of applicants
- 📝 Proof of business
- 📝 Digital Signature Certificate (e - token)
- 📝 Import-export Code
- 📝 HSN Code of the Product
- 📝 Bill of lading, invoice copy.
Eligibility of SIMS Registration
There are over 284 steel tariff lines with 8-digit HS codes that require registration for imports into India. a detailed list of these hs codes is available in the dropdown of the hs code and description field in the items details section of the application.
SIMS registration is mandatory for all the stakeholders must go through the list of HSCs facilitated by the Government of India and the harmonized system code HSC concerning the product shipped to India.
SIMS Registration process
Online Registration
Importers must create an account on the SIMS portal, providing their details and necessary documents.
Product Details
1. Imported steel products
2. Quantity value
3. Country of origin
Conclusion
SIMS registration only addresses steel-related goods under ITC (HS) 2017 Schedule 1. SIMS registration helps steel importers with customs clearance and other shipping legalities. moreover, the SIMS registration system emerged as a vital tool to monitor and regulate steel imports efficiently by
1. By promoting transparency
2. Protecting domestic industries
3. Aiding informed decision-making
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