Overview of CHIMS Registration

The CHIMS (Chip Import Monitoring System) Registration is a new import policy that requires importers to register with DGFT. The Registration is mandatory for importers of several products and can be obtained online.

Under CHIMS Registration, Policies that meet the 'free' requirements are converted to 'free subject to obligatory registration' under this registration. Furthermore, the Import Policy criteria for ITC (HS) 85423100, 85423900, 85423200, 85429000, and 85423300 have been amended.

So, Importing numerous electrical integrated circuits under CHIMS has become necessary since May,2021. A notification was sent to announce this significant change in import rules.

As a result, Chip Import Monitoring System Registration necessitates importers submitting information to an online system ahead of time for a variety of products. The automated system creates a unique registration number (CHIMS Registration) when you submit the necessary information.

Using this registration number, you can run your import business smoothly and avoid any custom clearance issues.

Why is CHIMS Registration Mandatory?

CHIMS Registration is Mandatory for several reasons as per by the government rules and regulations.

• #1. Without CHIMS Registration in India, you will not get custom clearance for your electronic goods.
• #2. Not obtaining CHIMS Registration can attract punitive action against you and your business.
• #3. Government wants to promote domestic manufacturing and improve the internal structure as well as manufacturing business of the electrical industry through implementing CHIMS Registration. Falsifying information for importing goods or without CHIMS Registration in India can result in hefty penalties.

Eligibility Criteria for CHIMS Registration in India

Every individual or a business entity importing goods related to or under the following HSN is required to obtain CHIMS Registration in India.

#1. 85423100 (Electronic integrated circuits Processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits)

#2. 85423200 (Electronic integrated circuits Memories)

#3. 85423300 (Electronic integrated circuits Amplifiers)

#4. 85423900 (Electronic integrated circuits Other)

#5. 85429000 (Parts)

If you import any of the above mentioned goods, you are now eligible to get CHIMS Registration in India after obtaining the Import Export Code.

Benefits of CHIMS Registration in India

CHIMS Registration offers you several benefits. The most important ones that you know are mentioned below.

#1. CHIMS Registration in India allows you to get custom clearance smoothly and quickly.

#2. It assists in avoiding penalties.

#3. Obtaining CHIMS Registration in India results in prevention from punitive action. Thus, you save the reputation and credibility of your business.

#4. The CHIMS Registration Process is completely online and you don't need to visit any office.

#5. The Government Fees of CHIMS Registration in India is affordable.

#6. You don't need to submit documents manually to any official. Furthermore, the payment mode is completely online so you can also get the registration on the same day the imports also.

#7. If you already have IEC Code, you can get CHIMS Registration in only a few steps through our business advisors.

List of Products under the CHIMS Registration

The following is the list of products under the CHIMS Registration.

#1. 85423100 (Electronic integrated circuits Processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits)

#2. 85423200 (Electronic integrated circuits Memories)

#3. 85423300 (Electronic integrated circuits Amplifiers)

#4. 85423900 (Electronic integrated circuits Other)

#5. 85429000 (Parts)

Documents Required for CHIMS Registration

To acquire Chip Import Monitoring Registration in India, you must submit the following documents.

#1. Import Export Code.

#2. Email and Mobile Number those mentioned in the IEC Code Database.

#3. Bank Account Details, Address Proof, and some other mandatory documents.

You may reach out to our business advisers at 8881-069-069 to learn more about the Complete Document Requirement for CHIMS Registration in India.

How we can help you in CHIMS Registration in India

At E-startupindia, we have a top-notch experienced team that provides a hassle-free and error-free Online CHIMS Registration Service. Our professionals have successfully completed over 50000 + IEC Code, AD Code Registration, Spice Board Registration and other import-export services. Since 2014, our dedicated team of experts is keeping up with the DGFT's new registration requirements every day. As a result, we provide you with the finest DGFT-compliant Chip Import Monitoring (CHIMS) Registration.

Our diversified teams of professionals include Chartered Accountants, Lawyers, and Company Secretaries. We believe in honesty, integrity and teamwork. So, you only have to contact our business advisors once and submit documents on our online portal and we will take care of the complete application process. Don't wait or hesitate to contact us and get your CHIMS Registration with entire legal formalities. We are always here to assist you in converting your dreams to reality.