The Copper Import Monitoring System (NFMIMS) is a digital platform that tracks and regulates the import of copper into India. Connect with our Experts.
Ready Your Copper Import Monitoring System
Copper Import Monitoring System. Online with Auriga Accounting
Auriga Accounting has a team of registration experts who can provide complete guidance to Copper 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 Copper Import Monitoring System
Your Copper Import Monitoring System
Auriga Accounting has a team of registration experts who can provide complete guidance to Copper 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 Copper Import Monitoring System
Your Copper Import Monitoring System.
The Government of India has revised import regulations for copper and aluminum under Chapters 74 and 76, making registration through the Non-Ferrous Metals Import Monitoring System (NFMIMS) mandatory, as per DGFT Notification No. 61/2015-2020, dated March 31, 2021.
Upon successful registration under NFMIMS, importers will receive a Unique Registration Number (URN), which begins with the prefix “NFS.”
The registration process must be completed no earlier than 60 days before and no later than 5 days after the expected arrival date of the import shipment.
Failure to register in advance or providing incorrect information in the NFMIMS online system may result in legal action, including penalties under the Foreign Trade (Development and Regulation) Act, 1992 (FTDR Act, 1992).
What is Copper Import Monitoring System
What is Annual Compliance For a One person Company?
The Copper Import Monitoring System (CIMS) is a regulatory framework implemented by the Government of India to monitor the import of copper products into the country. The system aims to ensure the fair trade of copper, prevent dumping, safeguard the interests of the domestic copper industry, and maintain quality standards for products entering the Indian market. By tracking copper imports, CIMS ensures that the country adheres to trade regulations and that imported products meet national standards.
To apply for an import registration under the Non-Ferrous Metals Import Monitoring System (NFMIMS), follow these steps:
Modification/Cancellation of NFMIMS Registration Number/License
The application fee of Rs. 500/- is required to get the registration number under NFMIMS.
The validity of the Registration number or NFMIMS license would be 75 days from the approved date.
Auriga Accounting, like many professional financial and advisory firms, can provide valuable assistance Import Export in India looking to fulfill their Copper Import Monitoring System requirements under the Companies . Here’s how Auriga Accounting can help with Copper Import Monitoring System
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