The Indian government has added 530 more steel products the imports of which will have to be mandatorily registered under Steel Import Monitoring System (SIMS), a government official said on Tuesday, September 29.
The official said that India’s Directorate General of Foreign Trade (DGFT) has issued a notification adding 530 steel products to the earlier list of 300 items for which traders will have to mandatorily register under the SIMS for any import transaction, aiming to check inward shipments of these products and promote domestic manufacturing.
The items included in the new list include flat rolled products, stranded wire, wire rods, wire ropes, wire cables, steel springs and leaves of springs, tubes, pipes, hollow profiles, diesel and electric locomotive steel parts and some steel products used by railways.
The DGFT notification said that importers will need to submit advance notice through an online system and obtain an automatic registration number by advance payment of fees. Importers can register not earlier than 60 days and not later than 16 days before the expected arrival of consignments.