A notification has been released on clarification regarding Chip Import Monitoring System (CHIMS) by the Director-General of Foreign Trade (DGFT).
The Policy circular No. 40/2015-2020, dated 27th June 2022 states that items that fall under the ITC)HS) codes 85423100, 85423200, 85423300, 85423900 and 85429000 falling in Chapter-85 of ITC (HS) from ‘Free’ to ‘Free subject to compulsory registration under Chip Import Monitoring System (CHIMS). The Directorate General of foreign trade has received multiple requests for clarification on these topics from various stakeholders.