Why Chip Import Monitoring System is required?

• Enhanced Transparency:CHIMS promotes transparency by requiring importers to register chip details online before import.
• Improved Data Accuracy:CHIMS ensures reliable real-time data for effective policymaking and monitoring of chip imports.
• Timely Policy Interventions:CHIMS data enables timely government interventions to align chip imports with India’s economic priorities.

Benefits of Chip Import Monitoring System:

• Improved Data Collection:CHIMS enables comprehensive data collection on chip imports, including type, quantity, value, and source.
• Informed Policy Decisions: CHIMS data helps the government make informed policy decisions to support India’s electronics manufacturing sector.
• Reduced Malpractices:CHIMS reduces malpractices like under-invoicing and misclassification by requiring accurate importer registration.
• Intellectual Property Protection:CHIMS data helps identify counterfeit chips, enabling IP protection for chip manufacturers.
• Compliance with International Standards:CHIMS ensures imported chips comply with international quality, safety, and environmental standards.

Required documents:

• Digital Signature Certificate (e-Token)
• Importer-Exporter Code (IEC)
• Commercial Invoice
• Packing List
• Bill of Lading
• Aadhar Card