Revised import policy for integrated circuits

The Director General of Foreign Trade through notification dated 10.05.2021 has revised import policy for integrated circuits. The notification has revised the import policy from “free” to “Free subject to compulsory registration under Chip Imports Monitoring System” for following items:

1. Electronic integrated circuits: –Processors and controllers, whether or not combined with memories, converters,
   logic circuits, amplifiers, clock and timing circuits, or other circuits.;
2. Electronic integrated circuits: –Memories;
3. Electronic integrated circuits: –Amplifiers Free;
4. and other Electronic integrated circuits.

The Chip Imports Monitoring System (CHIMS) shall require importers to submit advance information in an online system for import of items and obtain an automatic Registration Number by paying registration fee of Rs. 1 per thousand subject to minimum of Rs. 100/ and maximum of Rs. 500 on CIF value. The importer can apply for registration not earlier than 60th day before the expected date of arrival of import consignment and can apply till the date of arrival of the import consignment. The Automatic Registration Number shall remain valid for a period of 75 days. 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 facility of online testing of CHIMS, without payment of registration fee, will be available on www.imports.gov.in with effect from 01.05.2021 on trial basis. The CHIMS will be effective from 01.08.2021, i.e., Bill of Entry on or after 01.08.2021 for items as listed in this Notification shall be governed by CHIMS.

The facility of online Registration for CHIMS will be available with effect from 01.08.2021.