(MENAFN- KNN India) DGFT issues clarification regarding SIMS Registration for good imported under SEZ/ FTWZ
New Delhi, Jan 9 (KNN) The Directorate General of Foreign Trade (DGFT) has issued clarification regarding requirement of Steel Import Monitoring System (SIMS) Registration both at the point of import into SEZ/ FTWZ and at the time of Customs Clearance for import from SEZ (Special Economic Zone) to DTA (Domestic Tariff Area).
DGFT said it has received a query that whether the SIMS Registration is required both at the point of import into SEZ/ FTWZ (Free Trade and Warehousing Zones) and at the time of Customs Clearance for import from SEZ to DTA.
DGFT said the matter has been examined in consultancy with Ministry of Steel and it is clarified that in case an item of steel gets registered under SIMS at the time of entry into SEZ/ FTWZ, there is no need to seek SIMS Registration again at the time of supply of such item into DTA.
In other words, if the goods imported under SIMS to SEZ/ FTWZ are supplied to DTA unit without any processing, the DTA unit need not seek any registration under SIMS.
However, if manufacturing process in SEZ results in change of HS Code at 8-digit level, the importer in DTA shall be required to register under SIMS. (KNN Bureau)
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