Compulsory Online Registration for Computer Chip Import (CHIMS) Discontinued
with Immediate Effect under Instruction from Minister Goyal
·
Object of the Registration was
to Collect info to promote local manufacture but CHIMS proved to be a Barrier to
Manufacturing Value Added Products!
Effect of the Notification: The
Requirement of Compulsory Registration under Chip Imports Monitoring System
(CHIMS) in terms of Policy Condition No. 08 of Chapter 85 of ITC (HS), 2022,
Schedule- I (Import Policy) has been "Discontinued", with immediate
Effect.
[DGFT Notification No. 41 dated 29th
November 2024]
Subject: Amendment in Import Policy Condition
of ITC HS Codes 85423100, 85423900, 85423200, 85429000 and 85423300 covered
under Chapter 85 of ITC (HS), 2022, Schedule-I (Import Policy).
S.O. (E): In exercise of powers
conferred by Section 3 and Section 5 of Foreign Trade (Development & Regulation) Act, 1992,
read with paragraph 1.02 and 2.01 of the Foreign Trade Policy 2023, as amended
from time to time, the Central Government hereby amends the Import Policy
Condition of following items covered under Chapter 85 of ITC (HS), 2022,
Schedule - I (Import Policy), with immediate effect, as under:
|
ITC(HS) Code |
Description |
Import Policy |
Existing Policy Condition |
Revised Policy Condition |
|
85423100 |
- Electronic integrated circuits :-- Processors and controllers, whether or not
combined with memories, converters, logic circuits, amplifiers, clock and
timing circuits, or other circuits |
Free |
Subject to Policy Condition 8 of Chapter-85.
Subject to compulsory registration under Chip Imports Monitoring System
(CHIMS) |
- |
|
85423200 |
Electronic integrated circuits : -- Memories |
Free |
Subject to Policy Condition 8 of Chapter-85.
Subject to compulsory registration under Chip Imports Monitoring System
(CHIMS) |
- |
|
85423300 |
- Electronic integrated circuits : --Amplifiers |
Free |
Subject to Policy Condition 8 of Chapter-85.
Subject to compulsory registration under Chip Imports Monitoring System
(CHIMS) |
- |
|
85423900 |
- Electronic integrated circuits : -- Other |
Free |
Subject to Policy Condition 8 of Chapter-85.
Subject to compulsory registration under Chip Imports Monitoring System
(CHIMS) |
- |
|
85429000 |
-Parts |
Free |
Subject to Policy Condition 8 of Chapter-85.
Subject to compulsory registration under Chip Imports Monitoring System
(CHIMS) |
- |
This is issued with
the approval of Minister of Commerce & Industry.
(Issued from File No .01/89/180/29/AM-20/PC-2[A]/24342)