The system comprises a digital platform introduced by the Government of India to improve transparency and efficiency in the import of paper products.Connect with our Experts.
Paper Import Monitoring System. Online with Auriga Accounting
Auriga Accounting has a team of registration experts who can provide complete guidance to Paper 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 Paper Import Monitoring System
Ready Your Paper Import Monitoring System
Auriga Accounting has a team of registration experts who can provide complete guidance to Paper 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 Paper Import Monitoring System
Ready Your Paper Import Monitoring System
The Directorate General of Foreign Trade (DGFT) has implemented the Paper Import Monitoring System (PIMS) by modifying the import policy for major paper products from ‘Free’ to ‘Free with mandatory registration under PIMS.’ The online registration facility will be available from July 15, 2022. PIMS is designed to capture specific details of paper and paper product imports under Chapter 48 of ITC (HS), 2017, Schedule-1. This system will gather comprehensive import data for trade analysis and policy development. Real-time access to this information will enhance monitoring and facilitate informed decision-making.
What is Paper Import Monitoring System ?
What is Annual Compliance For a One person Company?
The Paper Import Monitoring System (PIMS) is implemented by the Government of India to regulate the import of paper products and ensure that such imports comply with quality, environmental, and regulatory standards. The system aims to monitor and manage the importation of paper and paper products to safeguard domestic industries, promote sustainable practices, and ensure product quality.
The Paper Import Monitoring System (PIMS) will apply to imports by units within the Domestic Territory Area, covering a broad range of paper products across 201 tariff lines, including but not limited to:
4.Bank Details:
The process for registering under the Paper Import Monitoring System (PIMS) involves several steps, which can typically be completed online. Here’s an overview of the process:
PIMS Registration Number
Under the PIMS, importers are required to obtain an automatic registration number through an online system by paying a fee of Rs. 500/-. The registration application can be submitted no earlier than the 75th day and no later than the 5th day before the expected arrival date of the import consignment.
Importers may use the same registration number for multiple Bills of Entry (BoEs) within the registration’s validity period, as long as the permitted quantity is not exceeded.
The importer must provide the Registration Number and its expiry date in the Bill of Entry to facilitate Customs clearance of the consignment.
Validity of PIMS Registration Number
The automatic registration number will remain valid for 75 days. During this period, multiple Bills of Entry can be used under the same registration number, provided the total quantity does not exceed the allowed limit
Auriga Accounting, like many professional financial and advisory firms, can provide valuable assistance to private limited companies in India looking to fulfill their paper import monitoring system under the Companies Act. Here’s how Auriga Accounting can help with Paper 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
