Import

DGFT Expands Exemption List for Quality Control Orders (QCOs) under Advance Authorization, EOU, and SEZ

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In line with recent updates to Quality Control Orders (QCOs) from various ministries and departments, the Directorate General of Foreign Trade (DGFT) has issued Public Notice No. 31/2024-25 dated 05th November 2024.

This notice amends Appendix-2Y, adding the Ministry of Heavy Industries to the list of ministries/departments exempted from mandatory QCO requirements for exports under Advance Authorization holders, EOUs, and SEZs.

With this addition, the Ministry of Heavy Industries is now included at Sr. No. 6 in the list, joining the Ministry of Steel, DPIIT, Ministry of Textiles, Ministry of Mines, and the Department of Chemicals & Petrochemicals (Sr. Nos. 1 to 5).

Exporters dealing with QCO requirements issued by the Ministry of Heavy Industries can now avail exemptions under this public notice by adhering to the existing guidelines.

For full details, please refer to the official public notice.

New SIMS Module 2.0 Launched

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New Platform for Steel Import Monitoring System (SIMS) is been launched.
Trade Notice [TN 10/2024-25 Dt. 25.07.2024] issued by DGFT on 25.07.2024, hereby informs that a New System Steel Import Monitoring Systems (SIMS) 2.0 is launched with immediate effect.

The New SIMS 2.0 is effective immediately. [https://sims.steel.gov.in]

All applications from 25.07.2024 after 2pm will not be made on DGFT (dgft.gov.in) website but from the New SIMS 2.0 portal – https://sims.steel.gov.in

Applications already submitted until this change, will be available for download from the DGFT website until further notice.

A dedicated SIMS 2.0 Helpdesk is also made available via telephone and email

Helpdesk No. 01123213945 / 01123214201
Helpdesk Email: simshelpdesk@mstcindia.in

Importers of the Steel Products who need to register for SIMS must note this new change.

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DGFT announces Implementation of Yellow Peas Import Monitoring System (YP-IMS)

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As per the DGFT Notification No. 50/2023 dated 08.12.2023, where Import of Yellow Peas are allowed subject to Compulsory registration under Import Monitoring System.

Now, DGFT has notified the YP-IMS Procedure vide PN 35/2023 Dt. 13.12.2023.

a. The Importer will require to apply for YP-IMS online on DGFT Website.

b. The fees of Rs. 500/- will be required to pay and YP-IMS will issue an Automatic Registration Number.  The Automatic Registration Number will be submitted to Customs authorities at the time of filing for Import clearance.

c. The Importer is required to register the YP-IMS not later than 5 days before the expected date of arrival of Import Consignment.

d. Only 1 Automatic Registration Number is required for any number of Import consignments up to 31st March 2024 Only.

e. Automatic Registration number will be valid for 1 Specific Country of Origin and 1 Port only.

Importers must refer the Public notice from the link below for all the details.
https://content.dgft.gov.in/Website/dgftprod/ec21b921-7d46-46eb-a851-d8ff589bed14/PN%2035%20dt%2013-12-23%20Eng.pdf

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No IGST on Ocean Freight under RCM for Importers from 01.10.2023

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The Goods and Service Tax (GST) had provided 5% IGST on services of “Transport of goods in a vessel including services provided or agreed to be provided by a person located in non-taxable territory to a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India up to the customs station of clearance in India”

The GST Notificaiton No. 10/2017 – Integrated Tax (Rate) also made the tax payable on Reverse Charge Basis (RCM) vide sr. no. 10 of the notification in hands of Importer as defined under the Customs Act, 1962

Now, in response to various legal cases and Supreme Court judgement in the matter, the government has notified to omit the entry at sr. no. 10 from the above notification of RCM.

GST Notification No. 13/2023 – Integrated Tax (Rate) dated 26.09.2023 has been issued for the same. The notification would come into force from 01st October, 2023.

Thus, providing a relif to the importers from paying IGST on Reverse Charge Basis on the ocean freight component especially under CIF / CFR contracts.

It must be noted, However, Importer still has to pay IGST at the time of Import along with other Import duties at the time of filling Bill of Entry when goods are imported into India.

Importers may refer the notifications for further details.

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