Complete assistance for registration and compliance with the Steel Import Monitoring System
The Steel Import Monitoring System (SIMS) is a government initiative designed to monitor and regulate the import of steel products into India. It requires importers to register and provide advance information about their steel imports, helping the government to maintain quality standards and prevent dumping of substandard steel products.
As per the Steel Import Monitoring System, importers are required to submit advance information in an online system for import of steel items and obtain an automatic registration number by paying registration fee of Re. 1 per thousand, subject to minimum of Rs. 500/- and maximum of Rs. 1 lakh on CIF value.
The Steel Import Monitoring System (SIMS) was introduced by the Ministry of Steel, Government of India, through a notification dated September 5, 2019. The system was implemented to provide advance information about steel imports to the government and other stakeholders to facilitate effective trade measures. SIMS is similar to the Steel Import Monitoring and Analysis (SIMA) system of the United States and prior surveillance system in European Union.
The SIMS portal was launched on November 1, 2019, and registration became mandatory for all importers of steel and steel products covered under specific HS codes. The system aims to:
The Steel Import Monitoring System is governed by the following legal provisions:
SIMS covers 284 steel products classified under the following HS codes:
Chapter | Product Category | HS Codes |
---|---|---|
72 | Iron and Steel | 7206 to 7229 |
73 | Articles of Iron and Steel | 7301 to 7326 |
86 | Railway or Tramway Track Construction Material | 8607 |
The products covered under SIMS include but are not limited to:
Flat Steel Products
Long Steel Products
Pipes and Tubes
Stainless Steel Products
The registration process for SIMS involves the following steps:
Register on the SIMS portal (https://sims.gov.in) with valid credentials including IEC details, email, and mobile number. Verify your account through OTP authentication.
Provide complete information about the steel products being imported, including:
Pay the required fee calculated at Re. 1 per thousand of CIF value (minimum Rs. 500, maximum Rs. 1 lakh) through online payment gateway using net banking, credit/debit card, or UPI.
Upon successful payment, an Automatic Registration Number (ARN) is generated, which is valid for 75 days from the date of registration. The ARN is required for customs clearance.
Present the ARN during customs clearance. The Bill of Entry (BOE) number must be updated in the SIMS portal within 15 days of obtaining the ARN for validation by customs authorities.
Importers may face several challenges while complying with SIMS requirements:
We provide comprehensive assistance for all your Steel Import Monitoring System requirements, ensuring smooth compliance and hassle-free imports.
Complete assistance with the registration process on the SIMS portal, including account creation and documentation.
Expert assistance with preparing and submitting all required documents for SIMS compliance and customs clearance.
Professional guidance on SIMS regulations, compliance requirements, and best practices for steel importers.
Efficient handling of Automatic Registration Number (ARN) applications and processing to ensure timely approvals.
Timely renewal of SIMS registrations and ARNs to ensure continuous compliance and uninterrupted imports.
Support with calculating and processing registration fees based on CIF value as per SIMS requirements.
Continuous monitoring of SIMS compliance status and timely updates to prevent any regulatory issues.
Comprehensive assistance throughout the entire import process, from SIMS registration to customs clearance.
Training sessions and educational resources for importers to understand SIMS requirements and procedures.
With years of experience in import-export consultancy, we offer reliable and efficient services for all your SIMS requirements.
Our team consists of experienced professionals with in-depth knowledge of SIMS regulations and import procedures. We have successfully handled numerous SIMS registrations for clients across various industries.
We understand the importance of time in import processes and ensure prompt service delivery to avoid delays. Our efficient processes ensure that your SIMS registrations are completed well within the required timeframes.
We ensure 100% compliance with all SIMS regulations, minimizing the risk of penalties or import restrictions. Our thorough understanding of the regulatory framework helps you navigate complex compliance requirements with ease.
We provide customized solutions based on your specific import requirements and business needs. Our client-centric approach ensures that you receive tailored services that address your unique challenges.
With extensive experience in the steel import sector, we understand the specific challenges and requirements of SIMS compliance. Our industry knowledge helps us provide practical and effective solutions.
We offer comprehensive services covering all aspects of SIMS compliance, from registration to customs clearance. Our holistic approach ensures a seamless import process without any compliance gaps.
Get in touch with our experts for comprehensive support with Steel Import Monitoring System