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The Directorate General of Foreign Trade introduced Paper Import Monitoring System (PIMS) with the purpose of recording precise information related to the import of Paper and Paper products under Chapter 48 of ITC (HS), 2017, Schedule-1 (i.e. around 201 tariff lines). The Import policy of these products are now changed from ‘Free’ to ‘Free subject to compulsory registration under PIMS’.
Paper Import Monitoring System came into effect from 1st October 2022 and the online registration facility came into effect from 15th July 2022 . This system is designed to gather comprehensive data regarding the imports of these items.
OBJECTIVE OF PAPER IMPORT MONITORING SYSTEM (PIMS)
PIMS not only helps in collection of the data regarding import of paper products but also helps in analysis of the data thereby streamlining the process of policy making. In addition, it helps in getting real-time information that helps monitoring the imports into the country.
The primary objective of PIMS is:
- Limit imports under the “Others” category Tariff items
- Stop Re-routing goods through other countries instead of trade agreements
- Reduce dumping of papers and paper products in the Indian market by way of under-invoicing
- Entry of prohibited goods by mis-declaration