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SIMS full form is Steel Import Monitoring System. It was launched as a platform by the Ministry of Commerce and Industry, Government of India. As part of the 17/2015-2020 Notification dated September 5, 2019, the government changed the import policy of iron and steel in ITC (HS) Chapter No. 72, 73, and 86 from "Free" to "Free subject to compulsory registration under Steel Import Monitoring System (SIMS)" in order to implement the Steel Import Monitoring System (SIMS). The facility of SIMS registration online became available for steel importers with effect from 16th September 2019.
Using SIMS, the steel importers can track and monitor their steel imports. Additionally, it allows the Government to receive details related to steel imports, including information on imported steel products, their origin countries, quantities, CIF values, and more. If you want to obtain a SIMS certificate for import in a smooth and effortless way, connect with Registrationwala.
SIMS is a digital platform launched by the Indian Government to effectively monitor and regulate the import of steel products into India. Businesses that are engaged in importing steel goods which are classified under chapter 72, 73 and 86 of ITC (HS) 2017 Schedule-1 must get SIMS registration online.
The steel importers are required to register their steel-import related details in the online database of SIMS before shipping the products to India. The steel-import details to be registered on SIMS include the name of the importer, the steel’s country of origin, the quantity of steel to be imported, and the entry port. Importers are required to register online on SIMS portal at least 60 days before the expected arrival of the steel and no later than 15 days before.
The steel import monitoring system has the following objectives:
It curbs unfair trade practices such as entry of prohibited goods by misdeclaration, and dumping of iron & steel products in the Indian market by way of under-invoicing.
SIMS helps in collection of data pertaining to steel import. Further, it helps in analysis of data which streamlines the policy-making process.
Additionally, it allows real-time information which assists in monitoring the imports in the country.
It promotes transparency in the steel import industry, as it provides an obvious framework for monitoring metallic imports and reduces the chances for fraud. It makes sure that every transaction is documented because it ought to be.
SIMS ensures that imported steel meets critical excellent standards. This improves the reliability and performance of your goods.
The following documents are required to be submitted along with SIMS application if you want to obtain SIMS Registration:
Basic Details and Documents of the Applicant
Import Export Code issued by DGFT
HSN code of the product
Bill of Lading, Invoice copy
Proof of Business
Digital Signature Certificate
Before applying for SIMS registration, it is necessary to obtain IEC code from DGFT. Once IEC code has been issued, the registration process for obtaining SIMS certificate for import is done in the following manner:
Importers must visit the DGFT SIMS 2.0 portal and create an account there by clicking on ‘Register as Importer’. All the required details IEC name, IEC code, Mobile number and e-mail must be provided. Once the account has been created, the importer must login with the credentials provided.
Now, the importers must submit detailed information regarding their imported steel products, such as, quantity of steel, value of steel and its country of origin. After all the details are filled, the importer must make a payment.
After the importers of steel have registered on the SIMS 2.0 successfully, they are subject to monitoring and compliance checks to ensure compliance with the regulations.
SIMS is essential for businesses engaged in steel import. SIMS certificate for import ensures that the steel importers meet the prescribed quality standards and comply with the specific tariffs and international trade rules and legislations.
If you want to obtain a SIMS certificate registration in a smooth and hassle free manner, connect with Registrationwala consultants. We will provide you with our full assistance and guidance throughout the SIMS registration process.
We’ll check whether you have the required documents such as IEC code and company documents, and if not, then we’ll help you in preparing them. Further, we’ll file the SIMS application on your behalf, and make sure all the SIMS registration details are filled correctly. In case the issuing authority requires any further clarification, we’ll coordinate with them and make sure the whole process goes on smoothly. Our goal is to allow you to focus on your import business while we do all the complicated paperwork for you!
Q1. Is SIMS registration DGFT mandatory?
A. Any business engaged in importing steel products under SIMS licensing program is required to obtain SIMS registration for concerned imports.
Q2. What is SMS full form in steel plant?
A. SMS full form in steel plant is Steel Manufacturing System.
Q3. Is it necessary to get a SIMS license even for importing sample products?
A. Yes, SIMS registration is required for importing steel products, even if they’re sample products.
Q4. Can one SIMS license application cover multiple products?
A. Yes, one SIMS license application can cover multiple products. SIMS has the provision of adding multiple items for each registration as long as the importer, exporter, manufacturer, country of origin and port of exportation is the same.
Q5. For air imports, is the SIMS certificate for import necessary?
A. Yes, the SIMS certificate is needed for imports by air.
