On October 1st, this year, Paper Import Monitoring System to go in Action

The Paper Import Monitoring System (PIMS) was established by the Directorate General of Foreign Trade (DGFT) by changing the import policy for major paper products from “free” to “free subject to mandatory registration under PIMS.” According to the Ministry of Commerce and Industry, the new rule will take effect on October 1, 2022. However, the ministry announced in a statement that the online registration option will be available as of July 15, 2022.

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KEY POINTS:

• The PIMS must be used when a Domestic Territory Area unit imports a variety of paper products, including newspaper, handmade paper, coated paper, uncoated paper, Litho and offset paper, tissue paper, toilet paper, cartons, labels, and more.
• These products fall within 201 tariff lines. Paper goods including bank bond and cheque paper, security printing paper, and others have been exempt from the requirement to register.
• According to PIMS, an importer must pay a registration fee of Rs 500 no earlier than the 75th day and no later than the 5th day prior to the anticipated date of arrival of the import consignment in order to receive an automatic registration number.
• Multiple consignments Bill of Entry (BoEs) may be submitted under the same registration number within the registration’s validity term for the allowable quantity. The automatic registration number is valid for 75 days.
• A Unit in a Special Economic Zone/Free Trading Warehousing Zone or an Export Oriented Unit must register under the PIMS at the time of import of the items covered by the scheme.

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