To provide advance information about the Import of Integrated Circuits in India to the government as well as relevant stakeholders. Connect with our Experts.
Ready Your Chip Import Monitoring System
Chip Import Monitoring System. Online with Auriga Accounting
Auriga Accounting has a team of registration experts who can provide complete guidance to Chip Import Monitoring System .
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for Chip Import Monitoring System
Your Chip Import Monitoring System
Auriga Accounting has a team of registration experts who can provide complete guidance to Chip Import Monitoring System.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for Chip Import Monitoring System
Your Chip Import Export System.
The Directorate General of Foreign Trade (DGFT) has introduced a mandatory Chip Import Monitoring System (CHIMS) registration for importers in India dealing with various electronic and electrical goods, including Integrated Circuits and processors. This requirement has been in effect since October 1, 2021, as per DGFT Notification No. 05/2015-2020 dated May 10, 2021.
Per the same notification, the import policy for all Integrated Circuits has been revised from ‘Free’ to ‘Free subject to compulsory registration under CHIMS.’ This system aims to collect detailed data on the import of Integrated Circuits, enhancing oversight and regulatory compliance.
What is Chip Import Monitoring System
What is Annual Compliance For a One person Company?
The Chip Import Melting System (CIMS) is a regulatory framework designed to monitor, control, and streamline the importation of chips (such as metal chips, scrap, or related raw materials) into a country, particularly focusing on industries that recycle or melt the chips to produce new products. This system is often implemented in countries like India, where the processing of metal scrap, including chips, is a key part of the manufacturing process, particularly in industries such as automotive, electronics, and metalworking.
Products Excluded from Chip Import Monitoring System (CHIMS)
Products Covered under Chip Import Monitoring System (CHIMS)
HS Code | Item Description | Present | Revised Policy |
85423100 | Electronic integrated circuits: Processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits | Free | Free subject to compulsory registration under Chip Imports Monitoring System (CHIMS) |
85423200 | Electronic integrated circuits: Memories | Free | Free subject to compulsory registration under Chip Imports Monitoring System (CHIMS) |
85423300 | Electronic integrated circuits: Amplifiers | Free | Free subject to compulsory registration under Chip Imports Monitoring System (CHIMS) |
85423900 | Electronic integrated circuits: Other | Free | Free subject to compulsory registration under Chip Imports Monitoring System (CHIMS) |
85429000 | Parts | Free | Free subject to compulsory registration under Chip Imports Monitoring System (CHIMS) |
Who is NOT Eligible?
Auriga Accounting, like many professional financial and advisory firms, can provide valuable assistance Import Export in India looking to fulfill their Chip Import Monitoring System requirements under the Companies . Here’s how Auriga Accounting can help with Chip Import Monitoring System
Auriga provide expert services which can get your new business off to a flying start. We are Compliance and finance officers for your business. Here you get simple and affordable online company registration and range of essential services. A world class technology – driven platform, offering end to end service from startup to well established firm.
By continuing past this page, you agree to our Terms of Service,Cookie Policy,Privacy Policy,Refund Policy and Content Policies.
© AURIGA ACCOUNTING PRIVATE LIMITED | 2021 | All Rights Reserved
