The Director General of Foreign Trade vide notification dated 25th May, 2022 has revised the import policy of Paper. Importers of paper shall submit advance information in Paper Import Monitoring System (PIMS) and obtain an automatic Registration Number by paying registration fee of Rs. 500. The importer can apply for registration not earlier than 75th day and not later than 5th day before the expected date of arrival of import consignment. The automatic Registration Number thus granted shall remain valid for a period of 75 days.
Multiple Bill of Entries shall be allowed in same registration number within the validity period of registration for the permitted quantity. Importer shall have to enter the Registration Number and expiry date of Registration in the Bill of Entry to enable Customs for clearance of consignment.
The PIMS will be effective from 01.10.2022.