Home » Commerce and Industry » Import of Paper brought under Compulsory Registration from 1st October

Import of Paper brought under Compulsory Registration from 1st October

The import policy of major paper products has been amended from ‘Free’ to ‘Free subject to compulsory registration under Paper Import Monitoring System’. A notification to this effect has been issued by DGFT 

This order shall be applicable on a range of paper products, such as newsprint, handmade paper, wallpaper base, duplicating paper, coated paper, uncoated paper, Litho and offset paper, tissue paper, parchment paper, carbon paper, wall paper, envelops, toilet paper, cartons, account books, labels, bobbins, etc. All imports arriving on or after 1.10.2022 shall be governed by this policy.

Paper products like currency paper, bank bond and cheque paper, security printing paper, etc. have been excluded from this policy change.

Domestic paper industry has been raising issues of dumping of paper products in the domestic market by way of under-invoicing, entry of prohibited goods by mis-declaration, re-routing goods through other countries in lieu of trade agreements.  A large proportion of paper products are imported under “Others” category Tariff Lines. The move will also go a long way in promoting Make In India and Atmanirbhar in this category.

A user friendly interface has been created for the implementation of Paper Import Monitoring System (PIMS). Any importer will be able to obtain an automatic registration number online by paying a registration fee of Rs. 500/- . The importer can apply for registration not earlier than 75th day and not later than 5th 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. Multiple Bill of Entries shall be allowed in same registration number within the validity period of registration for the permitted quantity. Online facility of registration will be available from 15.07.2022.

About IIPnews

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

NALCO BREAKS SEVERAL PAST RECORDS FY 21-22 NET PROFIT ZOOMS 2.27 TIMES TO RS. 2,952 CRORE

 National Aluminium Company Limited (NALCO), the Navratna CPSE, under the Ministry of Mines, Government of ...

India gets the highest annual FDI inflow of USD 83.57 billion in FY21-22

India has recorded highest ever annual FDI inflow of USD 83.57 billion in the Financial ...

OPERATIONAL SEZs

Presently, there are 425 formally approved Special Economic Zones (SEZs) in the country.  As on ...

EASING THE PROCESS OF FILING PATENTS

The details of patents filed in India over the last five years is as below: ...

FDI

Foreign Direct Investment inflows (FDI) has shown a continuous increase from US$ 45.15 billion in ...

Contribution of logistics sector in overall GDP

Contribution of logistics sector in overall GDP is not compiled at present.  However, sector-wise Gross ...

ENGINEERING CLUSTERS

The Government has set up engineering clusters in the country under the Industrial Infrastructure Upgradation ...

Export of Organic Foodgrains

The National Centre for Organic Farming (NCOF), under the Ministry of Agriculture & Farmers Welfare, ...

Previous Highest Ever yearly exports crossed in 10 months this year with figures touching USD 336 billion approximately

India’s merchandise export in January 2022 increased by 23.69% to USD 34.06 billion over USD ...

India’s merchandise export in January 2022 increases by 23.69% to USD 34.06 billion over USD 27.54 billion in January 2021; records increase of 31.75% over USD 25.85 billion in January 2020

India’s merchandise import in January 2022 was USD 52.01 billion, an increase of 23.74% over ...

WP2Social Auto Publish Powered By : XYZScripts.com