The Directorate General of Foreign Trade on 27th June 2022, has issued clarification regarding Chip Import Monitoring System (CHIMS). Import of Integrated Circuits (ITC HS Codes: 85423100, 85423900, 85423200, 85429000, 85423300) shall require compulsory registration under the Chip Import Monitoring System.
Based on various representations being received from the members of Trade and Industry, DGFT has clarified that the CHIMS is also applicable for air/sea shipments. The CHIMS registration can also be made on the same day of arrival of import. Importer may include multiple products in one registration number. However, for each shipment, a separate registration number is required.
Further, it has been clarified that the microprocessors covered under ITC (HS) code 84733010 and memory modules under ITC (HS) code 84733099 are excluded from CHIMS.
