CHIMS Registration

CHIMS (Chip Import Monitoring System) Registration is a new rule for importers. It requires importers to sign up with DGFT. This registration is important for importing certain products and can be done online.

Under CHIMS Registration, products that were previously 'free' now need registration. This affects import policies for specific electrical integrated circuits.

Since May 2021, importing these circuits under CHIMS has become a must. A notification was issued to announce this change.

Under this system, importers must provide details online before importing. Once submitted, the system gives them a unique registration number (CHIMS Registration).

Having this number helps importers smoothly run their businesses and avoid custom clearance issues.

Why is CHIMS Registration Required?

CHIMS Registration is necessary because of government rules. Here's why:

· Customs Clearance: Without CHIMS Registration, your electronic goods won't get customs clearance in India.

· Avoid Penalties: Failure to obtain CHIMS Registration can lead to punitive actions and penalties for you and your business.

· Promoting Domestic Manufacturing: The government aims to boost domestic manufacturing and enhance the electrical industry's structure through CHIMS Registration. Importing goods without proper registration or falsifying information can lead to significant penalties.

Requirements for CHIMS Registration in India

If you import goods covered under the following categories of the Harmonized System Nomenclature (HSN) in India, you need to obtain CHIMS Registration along with your Import Export Code (IEC):

  1. 85423100 - Electronic integrated circuits including processors, controllers, converters, and other circuits.
  2. 85423200 - Electronic integrated circuits for memories.
  3. 85423300 - Electronic integrated circuits for amplifiers.
  4. 85423900 - Other electronic integrated circuits.
  5. 85429000 - Parts of electronic integrated circuits.

Once you have your Import Export Code (IEC) and import any of the goods listed above, you are eligible to apply for CHIMS Registration in India.

Perks of CHIMS Registration in India

CHIMS Registration offers several benefits, including:

  1. Smooth and fast custom clearance in India.
  2. Helps in avoiding penalties.
  3. Protects your business from punitive actions, preserving its reputation and credibility.
  4. Entire process is online, no need to visit any office.
  5. Government fees for CHIMS Registration are affordable.
  6. No manual document submission; everything is done online, ensuring quick registration.
  7. If you already have an IEC Code, our business advisors can assist you in a few simple steps to obtain CHIMS Registration.

Essential Documents for CHIMS Registration

To apply for Chip Import Monitoring Registration in India, you need to provide the following documents:

  1. Import Export Code (IEC).
  2. Email and Mobile Number as per the IEC Code Database.
  3. Address Proof, Bank Account Details, and other required documents.

Products under the CHIMS Registration

Here are the types of products that require CHIMS Registration:

1.     Electronic integrated circuits that include processors and controllers, with or without memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits (HSN code: 85423100).

2.     Electronic integrated circuits specifically for memories (HSN code: 85423200).

3.     Electronic integrated circuits designed as amplifiers (HSN code: 85423300).

4.     Other types of electronic integrated circuits not classified elsewhere (HSN code: 85423900).

5.     Parts of electronic integrated circuits (HSN code: 85429000).

Steps for CHIMS Registration in India

CHIMS Registration in three simple steps:

1.     STEP 1: Prepare and submit your documents on our website.

2.     STEP 2: We verify your documents and submit your application to DGFT (Directorate General of Foreign Trade).

3.     STEP 3: Once DGFT approves your application, you'll receive your CHIMS Registration number via email.

Feel free to contact our business advisors to understand all the documents needed for CHIMS Registration in India.

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Expert Help for Hassle-Free CHIMS Registration in India

At E-founderindia, we have a skilled team that ensures a smooth and accurate Online CHIMS Registration service. With expertise in over 80,000+ IEC Code, AD Code Registration, Spice Board Registration, and other import-export services since 2012, our professionals stay updated with DGFT's latest requirements.

Our team includes Chartered Accountants, Lawyers, and Company Secretaries, committed to honesty, integrity, and teamwork. Just reach out to our business advisors, submit your documents on our portal, and we'll handle the entire application process for CHIMS Registration. Contact us now to fulfill your aspirations with confidence. We're here to make your dreams a reality.

 

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