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Test your Knowledge on the SIMS Answers will be published Soon! |
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Test your Knowledge on the SIMS Answers will be published Soon! |
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Here are 25 multiple-choice questions (MCQs) on the Steel Import Monitoring System (SIMS), designed to test and enhance your knowledge. These are ideal for training programs, trade compliance teams, and import-export professionals dealing with steel and alloy products. ✅ 25 Objective-Type Questions on Steel Import Monitoring System (SIMS)
1. What does SIMS stand for? a) Steel Import Market System 2. Which organization manages the SIMS portal in India? a) Ministry of Finance 3. SIMS was introduced under which legal framework? a) FEMA 1999 4. The primary objective of SIMS is: a) Quality testing of imported steel 5. SIMS applies to which category of imports? a) All goods under ITC(HS) 6. SIMS applies to imports under which trade regime? a) Restricted 7. Is SIMS a licensing system? a) Yes 8. SIMS requires importers to: a) Obtain an import license 9. SIMS registration must be done at least how many days before the import? a) 15 calendar days 10. SIMS registration remains valid for how long? a) 7 days from date of application 11. SIMS registration requires payment of a fee. What is the current amount (subject to change)? a) ₹100 12. Where is the SIMS registration number required to be declared? a) In invoice 13. Which chapters of ITC(HS) are covered under SIMS? a) Chapters 70–76 14. The information collected under SIMS is used for: a) Customs valuation 15. SIMS replaced which earlier system or practice? a) Advance Authorization 16. Is SIMS applicable for re-import of steel products? a) No 17. What happens if an importer does not register on SIMS before importing covered items? a) DGFT issues a show cause 18. Can SIMS registration be amended after submission? a) Yes, within validity 19. Can a single SIMS registration cover multiple items? a) No, one item per registration 20. SIMS is primarily a: a) Licensing control 21. SIMS data is eventually published by: a) Ministry of Steel 22. Which of the following is NOT a steel item under SIMS? a) Flat-rolled products of iron 23. Is SIMS applicable for imports for personal use (non-commercial)? a) No 24. SIMS portal can be accessed via: a) GST Portal 25. Who is responsible for ensuring SIMS compliance — exporter or importer? a) Exporter
By: YAGAY andSUN - May 8, 2025
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