Paper Import Monitoring System, PIMS will come into effect from 1st October this year. As per PIMS, an importer will have to provide advance information online about the import of papers and obtain a registration number. The Directorate General of Foreign Trade has introduced Paper Import Monitoring System by amending the import policy of major paper products.
The PIMS will be applicable on import by a Domestic Territory Area unit on a wide range of paper products covering 201 tariff lines, such as newsprint, handmade paper, tissue paper, toilet paper and cartons. Commerce and Industry Ministry said, paper products like currency paper, bank bond and Cheque paper and security printing paper have been excluded from mandatory registration.
An importer will be required to obtain an automatic registration number through online system by paying a registration fee of five hundred rupees, not earlier than 75th day and not later than 5th day before the expected date of arrival of import consignment. The automatic registration number shall remain valid for a period of 75 days and multiple consignments bill of entry will be allowed in same registration number.
WhatsApp us