The Director General of Foreign Trade (DGFT) has issued a clarification with regard to Non-Ferrous Metal Import Monitoring System (“NFMIMS”).
Subsequent to the issuance of DGFT Notification No.61/2015-2020 dated March 31, 2021, amending the import policy of items of copper falling in Chapter-74 of ITC (HS) and items of Aluminum falling in Chapter-76 of ITC (HS) from ‘Free’ to ‘Free subject to compulsory registration under Non-Ferrous Metal Import Monitoring System (NFMIMS), DGFT has received various representations from members of Trade & Industry seeking clarification on NFMIMS.
The circular clarified that NFMIMS will not be applicable on air-freighted goods as this mode is used for emergency/small volume high-value goods required at short notice.
To a question of whether multiple consignments against an NFMIMS registration can be imported within the validity period of NFMIMS Registration, it stated that any number of consignments can be imported by a single NFMIMS registration within the validity of the registration.
It was further clarified that the information relating to proper QCO description can be treated as an optional category in the description filed by the importer under NFMIMS.
“Since the QCO information is optional information, therefore, it is not mandatory for the Customs officer to check QCO description under NFMIMS. However, the customs officer has to consider the provisions/rules under the other laws of the land at the time of clearing the Bill of Entries,” it added.
With regard to the application of NFMIMS to shipments under Advance Authorization, DFIA, and SEZs, it was clarified that the same is applicable to imports through Advance Authorization, DFIA, and import to SEZs
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