The Director General of Foreign Trade has issued the following clarifications regarding the Chip Import Monitoring System (CHIMS). The Notification No. 05/2015-2020 dated May 10, 2021 was issued amending the import policy of items covered under ITC (HS) codes 85423100, 85423200, 85423300, 85423900, and 85429000 falling under Chapter-85 of ITC (HS). As per the notification, the...
The Director General of Foreign Trade has issued the following clarifications regarding the Chip Import Monitoring System (CHIMS).
The Notification No. 05/2015-2020 dated May 10, 2021 was issued amending the import policy of items covered under ITC (HS) codes 85423100, 85423200, 85423300, 85423900, and 85429000 falling under Chapter-85 of ITC (HS). As per the notification, the import policy was changed from 'Free' to 'Free subject to compulsory registration under the Chip Import Monitoring System (CHIMS)'.
The DGFT has received various representations from members of trade and industry seeking clarification on CHIMS.
The DGFT clarified that the importer may include multiple products with one registration number. However, for each shipment, a separate registration number is required.
The CHIMS is applicable for air/sea shipments also. The CHIMS registration can also be made on the same day of arrival of import.
The microprocessors covered under ITC (HS) code 84733010 and memory modules under ITC (HS) code 84733099 are excluded from CHIMS.
Policy Circular No. 40/2015-2020
Dated June 27, 2022