Why Copper/Aluminum Import Monitoring System (NFMIMS) is required?

• The NFMIMS allows the government to maintain a database with information on copper and aluminum imports to formulate effective import policies for these metals.
• The NFMIMS mandates importer registration and URNs to regulate copper and aluminum imports, ensuring compliance.
• NFMIMS data helps protect domestic copper and aluminum industries from unfair imports, supporting India’s non-ferrous metal manufacturing.
• NFMIMS requires import details to ensure only quality copper and aluminum products meeting standards enter India, protecting consumers.
• <NFMIMS streamlines imports by providing a centralized platform, reducing administrative burden and facilitating faster trade and customs clearance.

Benefits of Copper/Aluminum Import Monitoring System (NFMIMS):

• Enhanced Transparency:The NFMIMS promotes openness and visibility in the import process for copper and aluminium products.
• Improved Data Accuracy: The real-time data collection through NFMIMS ensures more reliable and up-to-date information for effective policymaking.
• Timely Policy Interventions:NFMIMS data enables timely government interventions to address disruptions in the non-ferrous metals market.
• Streamlined Import Process:The online NFMIMS system simplifies compliance and reduces administrative burdens for importers of copper and aluminium.
• Effective Data-Driven Policymaking:NFMIMS enables data-driven policymaking, fostering a stable and efficient non-ferrous metals market in India.

Required Documents:

• Digital Signature Certificate (e-Token)
• Importer-Exporter Code (IEC)

Import details such as:

• Exporter name
• Importer name
• Country of origin
• Port of exportation
• HS code of the copper/aluminium products being imported
• Quantity and value of the import consignment