Coal Import Requires Coal
Import Monitoring System (CIMS) from 1 Feb 2021
·
Registration Minimum 15 days before
Import
·
Fee of Re. 1 per thousand required
·
Non-Tariff Barriers to Push Domestic
Coal
·
Process to Start from 31 Dec. 2020
[Notification No. 49
/2015-2020 dated 22 December, 2020]
Effect of the
Notification: Import policy of item listed above shall be subject to
Coal Import Monitoring System (CIMS).
Subject: Amendment in import policy of Coal and incorporation
of Policy Condition No.7 in Chapter 27 of ITC (HS), 2017, Schedule - I (Import
Policy).
S.O. 1: In exercise of powers conferred by Section 3
& 9 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the
Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government
hereby amends the import policy of following items under chapter 27 of ITC
(HS), 2017, Schedule - I (Import Policy):
|
HS
Code |
Item
Description |
Present
Policy |
Revised
Policy |
Present
Policy Condition |
Revised
Policy Condition |
|
27011100 |
Anthracite
Coal |
Free |
Free
subject to compulsory registration under Coal Import Monitoring System |
- |
Policy
Condition 7 of Chapter-27 |
|
27011200 |
Bituminous
Coal |
Free |
Free
subject to compulsory registration under Coal Import Monitoring System |
- |
Policy
Condition 7 of Chapter-27 |
|
27011910 |
Coking
Coal |
Free |
Free
subject to compulsory registration under Coal Import Monitoring System |
- |
Policy
Condition 7 of Chapter-27 |
|
27011920 |
Steam
Coal |
Free |
Free
subject to compulsory registration under Coal Import Monitoring System |
- |
Policy
Condition 7 of Chapter-27 |
|
27011990 |
Other
Coal |
Free |
Free
subject to compulsory registration under Coal Import Monitoring System |
- |
Policy
Condition 7 o Chapter-27 |
2. A new Policy Condition
No. 7 is being added in
Chapter-27 of lTC (HS), 2017, Schedule-! (Import Policy)
which reads as under:
(i) The Goa/Import Monitoring System (CIMS) shall require importers to
submit advance information in an online system for import of items and obtain
an automatic Registration Number by paying registration fee of Rs. 1 per thousand, subject to minimum of Rs. 500/- and maximum of Rs. 1
lakh, on CIF value.
(ii) The importer
can apply for registration not earlier than 60th day and not later
that 15th day before the expected date of arrival of import consignment. The Automatic
Registration Number shall remain valid for a period of 75 days. Importer shall
have to enter the Registration Number and expiry date of Registration in the
Bill of Entry to enable Customs for clearance of consignment.
3. The CIMS will be effective
from 01.02.2021, i.e., Bill of Entry on or after 01.02.2021 for items as
listed in this Notification shall be governed by CIMS. The facility of online
Registration will be available with effect from 31.12.2020.
This
issues with the approval of Minister of Commerce & Industry.
(File
No.M-4708/1902/2002/PC-2(A)/E-1884)