Navigating the PIMS Online Registration Process
In a significant move towards enhanced trade monitoring and compliance, the Directorate General of Foreign Trade (DGFT) has introduced the Paper Import Monitoring System (PIMS) in India. This system has transformed the way specific paper and paper product imports are regulated. To assist businesses and traders, this blog provides a comprehensive guide to navigating the PIMS online registration process, ensuring that you can seamlessly comply with this new regulatory framework. Understanding PIMS: The Paper Import Monitoring System (PIMS) was established to monitor and regulate paper and paper product imports under Chapter 48 of ITC (HS), 2017, Schedule-1. It aims to capture detailed import data, promoting transparency, policy formulation, and trade data analysis. Read also this -: Which are the best PIMS Registration Consultants in Delhi Why does PIMS matter? PIMS is vital for several reasons, including: 1. Ensuring Compliance: By adhering to PIMS regulations, businesses ...