Steel Import Monitoring System (SIMS)
Steel Import Monitoring System (SIMS)
What Is a Steel Import Monitoring System (SIMS)
Empowering Your Steel Business
Introduction: Welcome to the future of steel import management! At RASP INTERNATIONAL, we understand the intricate challenges faced by steel importers, and we’ve developed the perfect solution to streamline your operations – the Steel Import Monitoring System (SIMS). Our cutting-edge technology is designed to help you not only comply with regulatory requirements but also boost efficiency, reduce costs, and make smarter business decisions.
Why SIMS? Steel importation is a complex and regulated process, subject to various international and domestic laws. SIMS was created to simplify this complexity and offer you a competitive edge in the industry.
Key Features:
1. Real-time Data Monitoring: SIMS provides up-to-the-minute information on steel imports, ensuring you stay ahead of market trends and make informed decisions.
2. Compliance Made Easy: Say goodbye to the headache of compliance checks. SIMS automates the monitoring of regulatory requirements, ensuring you never miss a deadline.
3. Risk Mitigation: Identify potential risks early on with our risk assessment tools. Avoid costly delays and penalties by addressing issues proactively.
4. Efficiency Enhancement: Reduce manual data entry and paperwork with our user-friendly interface. Spend less time on administrative tasks and more on growing your business.
5. Custom Reporting: SIMS offers customizable reports tailored to your specific needs, giving you insights that matter most to your business.
Why Choose RASP INTERNATIONAL?
1. Experience and Expertise: With years of industry experience, we understand the nuances of steel importation and compliance inside out.
2. Cutting-edge Technology: Our state-of-the-art technology ensures that you’re always ahead of the curve, making your business more efficient and profitable.
3. Dedicated Support: We pride ourselves on exceptional customer support. Our team is here to assist you at every step of the way.
4. Affordable Pricing: We offer competitive pricing plans to suit businesses of all sizes, ensuring that even small businesses can benefit from SIMS.
Conclusion:
Streamline your steel importation process, reduce risks, and increase profitability with the Steel Import Monitoring System (SIMS) from RASP INTERNATIONAL. Join the ranks of successful steel importers who have already embraced this revolutionary technology. Don’t wait – take your steel business to the next level with SIMS today!
Contact Us: Ready to revolutionize your steel importation process? Contact us now for a personalized demo and pricing options. Your success is our mission!
In exercise of powers conferred by Section 3 & 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 time to time, the Central Government hereby amends the import policy from ‘free’ to ‘free subject to compulsory registration under Steel Import Monitoring System (SIMS) for the following items under Chapter 72, 73 and 86 of ITC (HS), 2017, Schedule – I (Import Policy) and insert a new policy Condition to these three Chapters:
a. Items: As per the Annex. List of Products under SIMS
b. Policy Condition to Chapter 72, 73 and. 86 of ITC (HS): Import policy for the items as listed in the Annex has been revised from ‘free’ to free subject to compulsory registration under
Steel Import Monitoring System (SIMS)
c. The Steel Import Monitoring System (SIMS) shall require importers to submit advance information in an online system for import of items in the Annex and obtain an automatic Registration Number by payingregistration fee of Rs. 1 per thousand subject to minimum of Rs.500/ and maximum of Rs. 1 lakh on CIF value. The importer can apply for registration not earlier than 60* day and not later than 15 day before the expected date of arrival of import consignment. The automatic Registration Number thus granted shall remain valid for a period of 75 days.
d. Importer shall have to enter the Registration Number and expiry date of Registration in the Bill of Entry to enable Customs to clearance of the consignment.
e. The SIMS will be effective from 01.11.2019, i.e. Bill of Entry on or after 01.11.2019 for items as listed in the Annex to this Notification shall be governed by SIMS. The facility of online Registration will be available with effect from 16/09/2019
Policy Condition to Chapter 72, 73 and 86 of ITC (HS): Import policy for the items as listed in the Annex has been revised from ‘free’ to ‘free subject to compulsory registration under
Steel Import Monitoring System (SIMS)
f. The Steel Import Monitoring System (SIMS) shall require importers to submit advance information in an online system for import of items in the Annex and obtain an automatic Registration Number by payingregistration fee of Rs. 1 per thousand subject to minimum of Rs.500/ and maximum of Rs. 1 lakh on CIF value. The importer can apply for registration not earlier than 60th
‘ day and not later than 15th day before the expected date of arrival of import
consignment. The automatic Registration Number thus granted shall remain valid for a oeriod of 75 days
g. 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.
h. The SIMS will be effective from 01.11.2019, i.e. Bill of Entry on or after 01 11 2019 for items as listed in the Annex to this Notification shall be governed by SIMS. The facility of on line Registration will be available with effect from 16/09/2019