ESL Group Provides services regarding DGFT, Customs, Subsidies & Loans all over India.
ESL Group Provides services regarding DGFT, Customs, Subsidies & Loans all over India.
| NFMIMS | Directorate General of Foreign Trade, Government of India introduced a regulatory framework to monitor and regulate the imports of specific Copper and Aluminum items into India. |
| Effective Date |
12.04.2021 Made mandatory as per DGFT notification no. 61/2015-2020 dated 31.03.2021 |
| Parent Ministry | Ministry of Mines under Ministry of Commerce and Industry, GOI. |
| Vision | Aatma Nirbhar Bharath |
| Aim | Import regulation and tracking mechanism for items with HS codes of Copper (Chapter 74) and Aluminum (Chapter 76) of ITC (HS) 2017. |
| Key Notifications |
• DGFT notification no. 61/2015-2020 issued on March 31, 2021: Amended import policy of items under Chapter 74 (Copper) and Chapter 76 (Aluminum) of ITC (HS) 2017, revised from Free to Compulsory Registration under NFMIMS. • DGFT Notification no. 26/2015-2020 dated August 10, 2022: Changed requirement of minimum 5 days before arrival to registration anytime before arrival, valid for 75 days. |
| Digital Platform |
Online portal effective from 5th April 2021. 24×7 monitoring system. Facility to view earlier online registrations. Incomplete registrations for future actions are also available. |
| Registration | Online submission |
| Application for Registration | Not earlier than 60th day and not later than 5 days before the expected date of arrival of the consignment. |
| Registration Number | An automatic unique registration number is generated upon successful submission of registration. |
| Registration Charges | Flat ₹500 per registration |
| Validity | 75 days |
| Legal Consequence | As per FTDR Act 1992, punitive action would be taken against importers failing to register under NFMIMS in advance. |
| Post Compliance | Requires entry of Registration number and Expiry Date on Bill of Entry to enable customs clearance. |
| Coverage | One registration can cover multiple products, provided the importer, manufacturer, country of origin & port of exportation are the same. |
| Documents Required |
Active IEC GSTIN PAN |
| Import Details |
Exporter name, address, country Country of origin Purpose of import Port of import & export Expected date of import & export Expected port of entry |
| Product Details |
HSN code and product description Model number Technical details Quantity of import CIF value of import End use description |
| Destination Details |
Name, address of expected destination Mode of transportation Quality and CIF value of import |
| Cancellation of Registration |
No such provision is accepted once applied. Can be cancelled in case of licenses yet to be submitted for registration. |
| Renewal of Registration | No renewal of license, as new licenses are issued with every import. |
| Benefits of NFMIMS |
• Quality Assurance • Enhance Transparency • Improve Accountability • Data Collection and Analysis • Trade Monitoring • Safeguarding Domestic Metal Industry • Support Policy Formulation • Real-time Monitoring |
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