DGFT Clarifies On The Implementation Of The Paper Import Monitoring System
The Directorate General of Foreign Trade (DGFT) has issued a clarification on the Implementation of the Paper Import Monitoring System.The DGFT has received various representations from trade & industry seeking clarification on the applicability of the Notification dated May 25, 2022.The matter was examined in consultation with the Department of Commerce (DOC) and the Department for...
The Directorate General of Foreign Trade (DGFT) has issued a clarification on the Implementation of the Paper Import Monitoring System.
The DGFT has received various representations from trade & industry seeking clarification on the applicability of the Notification dated May 25, 2022.
The matter was examined in consultation with the Department of Commerce (DOC) and the Department for Promotion of Industry and Internal Trade (DPIIT).
The DGFT clarified that in Paper, there are no small volume/high-value goods on which Air-Cargo is justified. Therefore, registration under PIMS shall be mandatory regardless of the mode of transportation.
Import consignment of samples for FOB value of Rs. 10,000/- irrespective of quantity, shall be exempted from the requirement of compulsory registration under PIMS.
Since Paper products are not small-volume/high-value goods, therefore, registration under PIMS shall be compulsory regardless of the purpose of imports of paper products.
Registration under PIMS shall be compulsory for imports of all notified paper products. However, exemption from PIMS can be considered for non-commercial import under common IECS by individuals and Govt. agencies on case to case basis, in terms of Para 2.58 of the Foreign Trade Policy.
PIMS shall be mandatory regardless of the purpose of the imports of paper products under any scheme (Advance Authorization/IGCR/EOU/SEZ etc.).
Policy Circular No. 45/2015-20
Dated January 23, 2023
Click Here To Read The Notification