DGFT amends Import Policy of Integrated Circuits, Incorporation of Policy Condition [Read Notification]

DGFT - import policy of Integrated Circuits - Taxscan

The Director-General of Foreign Trade (DGFT) amended the import policy of Integrated Circuits, incorporation of policy conditions.

The DGFT, Amit Yadav is empowered under Section 3 read with Section 5 & Section 9 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby amends Para 3 of Notification No.05/2015-2020 dated May 10, 2021.

“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 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 Notification No.05/2015-2020 dated 10.05.2021. Accordingly, the facility of online Registration for CHIMS will be available with effect from 01.10.2021,” the DGFT notified.

The trial period of CHIMS is extended by a further two months i.e. upto September 30, 2021, and the registration at the CIIIMS portal will be effective from October 1, 2021.

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