Government eases CHIMS for select items

In a significant move aimed at simplifying the import process for critical electronic components, the Indian government has removed the mandatory registration requirement for select items under the Chip Import Monitoring System (CHIMS). This system, initially designed to monitor and regulate the import of semiconductor chips and related items, required importers to register details of their shipments in advance.

According to a notification of the directorate general of foreign trade (DGFT), "The requirement of compulsory registration under chip imports monitoring system has been discontinued with immediate effect."

While CHIMS aimed to address supply chain vulnerabilities and promote transparency, the latest decision reflects the government's focus on reducing administrative bottlenecks for businesses. The items exempted from registration include specific semiconductor devices, electronic integrated circuits, and related products that are critical for India's electronics and IT manufacturing industries.

This move also addresses concerns raised by industry stakeholders who highlighted the delays and additional costs associated with the registration process. The relaxed norms are expected to strengthen India's electronics supply chain, reduce dependency on lengthy import procedures, and enhance competitiveness in the global market.

By striking a balance between regulatory oversight and business convenience, the government reaffirms its commitment to nurturing a robust semiconductor and electronics ecosystem in the country.