PIMS registration is an important process for importers of paper products and is important to provide the details about the paper products before arrival in India. The PIMS registration has been introduced by the Directorate General of Foreign Trade (DGFT) amending paper import policy of major paper products listed in the Annexure-I has been revised from 'Free' to 'Free subject to compulsory registration' under Paper Import Monitoring System (PIMS). Recently, the facility to register under PIMS online registration has been effective from 15.07.2022 and implemented by 1.10.2022. Under the Chapter 48 of ITC (HS), 2017, Schedule-1, there are a total 201 tariff lines of product that can be imported. This article discusses how to obtain the PIMS registration, including eligibility criteria, documents, procedures, and validity regarding the PIMS registration.
Under DGFT, the PIMS registration has been introduced to provide specific details for paper and paper products under Chapter 48 of ITC (HS), 2017, Schedule-1. This registration helps to update the system on the imported paper or paper-related products which will aid in the analysis of trade data and facilitate policy formulation.
Following are the PIMS online registration, is mentioned as follows:
Here’s the benefits derived after obtaining PIMS Registration:
Here’s the list of considering the eligibility criteria for PIMS registration, according to the Ministry of Commerce and Industry:
According to the Ministry of Commerce and Industry, the PIMS registration under the Chapter 48 of ITC HS, 2017 schedule-I (Import Policy) has covered all the notified products with 201 tariff lines. Here’s the list of 10 major product applicability which has been covered under PIMS registration:
Here’s the list of documents required for PIMS registration:
The registration fees for obtaining PIMS registration is ₹500/- via electronic or online mode.
Here’s the step-by-step procedures for applying PIMS registration online:
The PIMS registration is valid for only 75 days and the multiple consignment Bill of Entry shall be allowed at the same registration number on the permitted quantity. There is no requirement to renew your PIMS registration as it will automatically be issued on upcoming import of paper and paper related products.
The time taken to obtain the PIMS registration takes around 1-2 days or can be provided within 24 hours at the specific time of application.
Here are the top five reasons why you should choose Bizfoc for registering themselves under PIMS Registration Online:
PIMS registration is an important document to allow the import of paper and paper related products. This document helps to provide details about their shipments before arriving at the port of India. Getting the PIMS registration can only be achieved through the correct submission of documents, adhere to eligibility criteria and respected fees. To obtain the PIMS registration in India, an applicant needs to first consult with their expert advisor so that the certificate will be issued with the support of our expert team.
PIMS registration is issued by the Ministry of Commerce and Industry.
Yes, if the import samples are exempted for FOB value of ₹10,000 regardless of the quantity, shall be exempted from PIMS registration.
No, there shall be no exemption regarding PIMS registration on the basis of transportation.
The registration fees for PIMS registration is ₹500/- as directed by the DGFT.