The Directorate General of Foreign Trade vide its notification dated 10th May 2021 has amended the import policy of integrated circuit through which it has extended the trial period of Chip Imports Monitoring System (CHIMS) by another 2 months and the registration at CHIMS portal will be effective from 1st October 2021.
CHIMS shall require importers to submit advance information in an online system for import of items and obtain an automatic Registration Number by paying a registration fee of Rs. 1 per thousand subject to a minimum of Rs. 100/ and maximum of Rs 500 on CIF (cost insurance freight) value.
DGFT has notified that the facility of online testing of CHIMS, without payment of registration fee, will be available on www.imports.gov.in with effect from 1st May 2021 on a trial basis. The CHIMS will be effective from 01.10.2021, i.e., for Bill of Entry filed on or after 01.10.2021, for items as listed in its earlier notification dated 10th May 2021.
