HOW TO IMPORT SCREWS, BOLTS, NUTS, RIVETS, COTTERS, WASHERS AND SIMILAR ARTICLES OF IRON OR STEEL: COMPLETE GUIDE

• IMPORT OF SCREWS, BOLTS, NUTS, RIVETS, COTTERS, WASHERS AND SIMILAR ARTICLES OF IRON OR STEEL under HS CODE 73181900 REQUIRES COMPULSORY REGISTRATION UNDER STEEL IMPORT MONITORING SYSTEM(SIMS).
   
• THE STEEL IMPORTING MONITORING SYSTEM (SIMS) SHALL REQUIRE IMPORTERS TO SUBMIT ADVANCE INFORMATION IN AN ONLINE SYSTEM FOR IMPORT OF ITEMS AND OBTAIN AN AUTOMATIC REGISTRATION NUMBER.

We will try here to understand what kind of queries customs comes up with and how can we deal with it.

Documentary requirements for import customs clearance of SCREWS, BOLTS, NUTS, RIVETS, COTTERS, WASHERS AND SIMILAR ARTICLES OF IRON OR STEEL

What is a Material Test Certificate?

A Material Test Certificate (MTC), also known as a Mill Test Report (MTR) or Mill Test Certificate (MTC), is a document that verifies the chemical and physical properties of a material. It serves as proof that the material meets specific standards and specifications required for its intended use, particularly in industries like manufacturing.

Customs Duty Structure

To understand various terms pertaining to Customs Duty, please refer

Customs Duty Calculation On Imports In India: Detailed Explanation.

Compulsory compliance Requirements (CCRs) on HOW TO IMPORT SCREWS, BOLTS, NUTS, RIVETS, COTTERS, WASHERS AND SIMILAR ARTICLES OF IRON OR STEEL

*IMPORT UNDER THIS CTI REQUIRES COMPULSORY REGISTRATION UNDER STEEL IMPORT MONITORING SYSTEM(SIMS). REFER POLICY CONDITION NO.2 OF CHAPTER-73 AND DGFT NTFN 33/2015-20 DTD 28-09-2020 AND FURTHER CLARIFICATION,RESPONSES TO PARA (2.A.) RE-IMPORT OF GOODS OF STEEL FOR PACKAGING PURPOSES WILL NOT BE COVERED UNDER SIMS AS IT IS NOT PRIMARILY MEANT FOR VALUE ADDITION,RATHER BEING RE-IMPORTED FOR PACKAGING ONLY AND PARA(2.B.)IN BOTH THE CASES I.E.(I) IF THE STEEL/STEEL ITEM IS EXPORTED FROM DTA TO SEZ AND THEN IMPORTED INTO DTA FROM SEZ WITHOUT VALUE ADDITION, OR (II) WITH VALUE ADDITION,THERE SHOULD BE NO REQUIREMENT FOR SIMS REGISTRATION.(REFER DGFT POLICY CIRCULAR NO.38/2015-20 DTD 19-01-2022).

**THE STEEL IMPORTING MONITORING SYSTEM (SIMS) SHALL REQUIRE IMPORTERS TO SUBMIT ADVANCE INFORMATION IN AN ONLINE SYSTEM FOR IMPORT OF ITEMS AND OBTAIN AN AUTOMATIC REGISTRATION NUMBER BY PAYING REGISTRATION FEE OF RS. 1 PER THOUSAND SUBJECT TO MINIMUM OF RS.500/ AND MAXIMUM OF RS.1 LAKH ON CIF VALUE. THE IMPORTER CAN APPLY FOR REGISTRATION NOT EARLIER THAN 60TH DAY BEFORE THE EXPECTED DATE OF ARRIVAL OF IMPORT CONSIGNMENT. THE AUTOMATIC REGISTRATION NUMBER THUS GRANTED SHALL REMAIN VALID FOR A PERIOD OF 75 DAYS. THE REQUIREMENT OF ADVANCE REGISTRATION OF MINIMUM 15 DAYS FROM THE EXPECTED DATE OF ARRIVAL OF IMPORT CONSIGNMENT UNDER SIMS HAS BEEN ABOLISHED.(REFER DGFT NOTF NO.19/2015-20 DTD 07-07-2022)*