Paper Import Monitoring System will come into effect from 1st October
The Paper Import Monitoring System (PIMS) is being implemented from October 1 this year.
The Directorate General of Foreign Trade (DGFT) introduced the Paper Import Monitoring System (PIMS) by making amendments to the import policy of major paper products.
The online facility of registration will be available from 15th July 2022.
Process of registration
Under PIMS, an importer needs to obtain an automatic registration number by paying a registration fee of Rs 500 through the online system.
This registration number will be allotted not later than the 75th day preceding the expected date of arrival of the import consignment and not later than the fifth day preceding the expected date of arrival of the consignment.
This automatic registration number will be valid for a period of 75 days and within the validity period of registration, Bill of Entry (BOE) of miscellaneous consignments will be allowed under the same registration number for the sanctioned quantity.
What are major paper products on which the import system will apply?
The PIMS will apply to imports by a domestic sector unit on a wide range of paper products covering 201 tariff lines, such as newsprint, handmade paper, tissue paper, toilet paper and cartons etc.
Paper products like currency paper, bank bond and check paper, security printing paper etc. have been kept out of the purview of compulsory registration.
Objectives of Paper Import Monitoring System
Ban on dumping of paper products in the domestic market through under-invoicing
Prohibition of entry of prohibited goods by false declaration
Prohibiting the re-transport of goods through other countries in lieu of trade agreements
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