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Steel Import Monitoring System

Government of India to provide advance information about steel imports to both, the government as well as relevant stakeholders. Connect with our Experts.

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Steel Import Monitoring System. Online with Auriga Accounting

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Why Should I Use Auriga Accounting of Steel Import Monitoring System ?

Auriga Accounting has a team of registration experts who can provide complete guidance to Steel Import Monitoring System .

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for Steel Import Monitoring System

Complete your Import export System

Your Steel Import Monitoring System

Why Should I Use Auriga Accounting of Steel Import Monitoring System ?

Auriga Accounting has a team of registration experts who can provide complete guidance to Steel Import Monitoring System.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for Steel Import Monitoring System

Complete your Import Export System

Your Steel Import Export System.

OVERVIEW - Steel Import Monitoring System

The Steel Import Monitoring System (SIMS) is a mandatory licensing program for steel importers in India. The Government of India introduced SIMS to establish a comprehensive statistical database for tracking all steel imports entering the country.

The Steel Import Monitoring System (SIMS) is a mandatory licensing program for steel importers in India. The Government of India introduced SIMS to establish a comprehensive statistical database for tracking all steel imports entering the country.

The Steel Import Monitoring System (SIMS) serves as a crucial tool for the Government of India to maintain a real-time, updated database containing advance information on steel imports. This data enables the government to formulate and implement effective policies related to steel imports.

Additionally, various stakeholders in the steel industry benefit from SIMS, as it provides transparency and access to information regarding different steel products imported into the country.

The data collected through SIMS is published weekly on the Ministry of Steel’s website and is accessible to the public. The entire SIMS process is fully electronic, requiring importers to submit the necessary details through the Directorate General of Foreign Trade (DGFT) portal.

What is Steel Import Monitoring System

What is Annual Compliance For a One person Company?

The Steel Import Monitoring System is a comprehensive and advanced solution designed to streamline and optimize the management of steel imports for businesses. This system enables real-time tracking, ensures compliance with regulatory standards, enhances inventory management, and improves supplier relationships throughout the entire import process.

ELIGIBILITY Steel Import Monitioring System

  • Import categories:
  • Registration on DGFT website
  • Digital Signature:

Benefit Steel Import Monitioring System

  • Protection of Domestic Industry.
  • Enhanced Transparency
  • Streamlined Import Process
  • Better Compliance with Quality Standards
  • Support for Trade Policy Development

Documents for Steel Import Monitoring System

  1. Importer Exporter Code (IEC) – A valid IEC number issued by DGFT.
  2. GSTIN (Goods and Services Tax Identification Number) – Required for businesses registered under GST.
  3. Bill of Entry Details – Information related to the Bill of Entry, including port details, expected arrival date, and shipment details.
  4. Harmonized System of Nomenclature (HSN) Code – The HSN code for Integrated Circuits or other electronic components being imported.
  5. Description of Goods – Detailed product specifications such as type, model, and technical details.
  6. Country of Origin – The country from which the goods are being imported.
  7. Quantity and Value of Imports – The total quantity (in units or weight) and CIF (Cost, Insurance, and Freight) value of the goods.
  8. Port of Import – The specific Indian port or airport where the goods will arrive.
  9. Proof of Payment for Registration Fee – The CHIMS registration fee receipt, which varies based on the consignment value.

PROCESS Steel Import Monitoring System

  1. Visit the DGFT Portal – Go to https://www.dgft.gov.in.
  2. Select the Aluminium Import Monitoring System (AIMS) under the Ministry of Mines
  3. Fill in Import Details – Enter IEC code, HSN code, quantity, value, country of origin, and port of import.
  4. Pay the Registration Fee – Fees are based on the consignment value.

Get a Unique Registration Number (URN) – The URN must be quoted in the Bill of Entry for customs clearance.     

WHY AURIGA ACCOUNTING ?

Auriga Accounting, like many professional financial and advisory firms, can provide valuable assistance Import Export  in India looking to fulfill their Steel Import Monitoring System requirements under the Companies . Here’s how Auriga Accounting can help with Steel Import Monitoring System

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2023-06-10
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2023-06-10
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2023-06-10
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2023-04-07
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