SIMS registration - Steel Import Monitoring System
To monitor the import of steel, it's grades, value, quantity to regulate the steel industry.
- Free Experts Assistance
- Minimum Price guaranteed
- Quick and Hassle-Free Process
- Free Consultation on Import-Export Compliance
- 20 years experience & Serving more than 1100+ companies
- Providing one stop solution for all Annual compliances
CONTACT US
Our advisor is just a call away
Introduction
India has made remarkable strides in international trade and commerce in recent years, emerging as a major player in the global steel industry with a growing demand for steel products. To accomplish this, the Indian government has introduced the steel import monitoring system (SIMS).
Standardization & quality control of steel
India is the second-largest steel producer in the world, and to accomplish the full quality regime, it is vital to bring all the relevant Indian steel standards under the ambit of the steel quality control order.
In India, the Bureau of Indian Standards (BIS) is the national standard body engaged in the formulation and implementation of national standards known as Indian standards. Section 16 of BIS 2016 authorizes the union government to make use of ISI marks mandatory for the products marketed in India.
Purpose
The Indian government has introduced registration to coordinate steel imports and maintain its constantly updated statistical database. It also provides advanced information on steel imports entering India before the arrival of the imports.
The SIMS aim to empower the government of India to maintain an advanced statistical database of imported steel. Stakeholders connected with the steel sector can access information on the various steel-related products imported in India. The data stored in the SIMS is publicly available on the online portal of the Ministry of Steel. Details are updated on the DFGT portal.
Eligibility of SIMS Registration
There are over 284 steel tariff lines with 8-digit HS codes that require registration for imports into India. a detailed list of these hs codes is available in the dropdown of the hs code and description field in the items details section of the application.
SIMS registration is mandatory for all the stakeholders must go through the list of HSCs facilitated by the Government of India and the harmonized system code HSC concerning the product shipped to India.
SIMS Registration is intended to
- Curb unfair trade practices, such as dumping
- Under invoicing
That can harm the domestic steel industry by maintaining a record of steel imports the government can identify and address such issues precisely.
Data-driven decision making
SIMS provides valuable data for policymakers, allowing them to make informed decisions regarding
- Tariffs
- Quotas
- Trade-related matters
Fees for SIMS Registration
A registration fee of Rs 1 per thousand subject to a minimum of rs 500 and a maximum of 1 lakh on aggregate CIF value of imports will need to be paid through electronic the mode in the online system for each import registration.
Validity of SIMS Certificate
The automatic registration granted shall be valid for 75 days the license must be filled out before submitting the bill of entry with customs. it should be filled out between 15 to 60 days before the expected arrival of the imports in India.
Documents required for SIMS Certificate
The following documents are required to get SIMS registration as follows
- Basic details and documents of applicants
- Proof of business
- Digital signature certificate (e- token)
- Import-export code
- HSN code of the product
- Bill of lading, invoice copy.
SIMS Registration process
Step 1 online registration
Importers must create an account on the SIMS portal, providing their details and necessary documents.
Step 2 product details
Stakeholders need to provide detailed information about the
- Imported steel products
- Quantity value
- Country of origin
Conclusion
SIMS registration only addresses steel-related goods under ITC (HS) 2017 Schedule 1. SIMS registration helps steel importers with customs clearance and other shipping legalities. moreover, the SIMS registration system emerged as a vital tool to monitor and regulate steel imports efficiently by
- By promoting transparency
- Protecting domestic industries
- Aiding informed decision-making
SIMS addresses the growth and stability of the Indian steel sector.
SIMS FAQ
Sims is a steel monitoring system addressed by the Ministry of Commerce and Industry, Ministry of Steel Government of India to provide advance information about steel import to the government and relevant stakeholders.
The purpose of the licensing system is to provide statistical data on steel imports entering India before the arrival of the imports. Once a week the data submitted on the steel license are compiled, checked, and published on the Ministry of Steel website for the public to analyze.
Any business importing steel products covered under the licensing program is required to take /create a license for concerned imports. Importers, importing agents, and brokers can apply for this license.
Yes, a license is required for each custom entry. you may include multiple products on one license as well.
A registration fee of Rs 1 per thousand subject to a minimum of rs 500 and a maximum of rs 1 lakh on aggregate cif value of imports will need to be paid through electronic mode in the online system for each import registration.
There are over 284 steel tariff lines with 8-digit HS codes that require registration for imports into India. a detailed list of these hs codes is available in the dropdown of the hs code and description field in the items details section of the application.
Yes, all steel products that are entering into India require prior registration before imports.
The license must be filled out before submitting the bill of entry to customs. it should be filled out between 15 days to 60 days before the expected arrival of the import into India.
The automatic registration number granted shall be valid for 75 days.
No, creating an account is not necessary for applying for a license. You need to log in to the sims website through your IEC number to access your account.
The IEC importer exporter code number is a 10-digit code number given to an exporter or importer by the regional office of the Director General of Foreign Trade [ DGFT], Department of Commerce, Government of India.
The OTP is sent to both, the registered email ID and phone number that is linked to the stakeholder IEC number.
Yes, can't do this through the Sims website. but provisions are being made for alternate login protocol using ID and password to support you with the requirement. In case you want to change your number, you can reach out to the regional office of the Director General of Foreign Trade DGFT, Department of Commerce, Government of
India
Yes, multiple login access is possible for users with the same IEC number.
After logging in to the SIMS website, please select new registration and start filling in the relevant information for the concerned imports. post the payment of the fee, the license will be created.
The exporter is defined in line with the Customs Act 1962.it is broadly defined as the person, country, or company that is sending the goods into India.
Manufacturers are defined as the stakeholders who carry out maximum value addition on the product being imported.
Country of origin is defined in line with the rules of origin definition laid out. these rules are different across various national and international laws.
The port of exportation is the port in the exporting country from where the goods are dispatched to India.
Hs codes are necessary information that has to be filled in for importing products. in that case, stakeholders need to connect with technical experts to identify the HS code for your concerned products before imports.
If the stakeholder is not clear about the product's technical details then they need to go through the Ministry of Steel portal because the Technical details of the product are mandatory
Yes, one license application can cover multiple products. sims have the provision of adding multiple items for each registration provided by the importer, exporter, manufacturer, country of origin, and port of exportation are the same.
The sims license number is created immediately after completing the payment and clicking on the final submit button.
Firstly ensure that the license still needs to be added to your drafts. this happens if you forget to click the final submit button post payment of the fee.
For hs - is code that is covered under the QCO, stakeholders must fill in the relevant information. in case there is no specific code that matches your exact specification, then select none and fill in technical information about the product being imported in the technical details Field.
For hs - is code that is covered under the QCO, stakeholders must fill in the relevant information. in case there is no specific code that matches your exact specification, then select none and fill in technical information about the product being imported in the technical details Field.
If you are unaware of whether this product is being manufactured in India, reach out to the industry and try gathering the information before being imported.
The terminology Non-prime steel means those products that are not tested as per the relevant standards specification as addressed by the Ministry of Steel page. Non-prime also known as second & defective, second& secondary, second grade, second choice, third choice, defectuous
Prime steel means steel products not complying with these criteria can be considered as prime steel.
IS code is specifications created by the BIS Bureau of Indian Standards for a large number of products. in case a stakeholder is not familiar with the IS code definition basis steel grade then first go through and research the bis website for the relevant IS codes if you can't find the IS code that matches your exact specification, fill in technical information about the product being imported in the technical details field.
For all licenses that are not yet submitted stakeholders can modify the license from the draft directions on the website. in case you have submitted the license application no changes can be made.
Additional payment for the registration fees has to be made only in cases where your fee payable after modification is higher than before. In case the fee payable is lower, there will be no refund made. provision to the refund can be evaluated in the
upcoming enhancements.
Licenses that are not yet submitted can be cancelled by deleting the draft created. in case the application has been submitted, cancellations cannot be made. provisions to cancel the license post submission can be evaluated in the upcoming enhancements.
Currently, there is no provision for a refund
If you are contacted by the SIMS team regarding duplicate licenses or possible errors on the license stakeholders must respond immediately so that the SIMS team can keep its data as up-to-date as possible.
