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TMI BlogTest your Knowledge on the SIMS Answers will be published Soon!X X X X Extracts X X X X X X X X Extracts X X X X ..... Test your Knowledge on the SIMS Answers will be published Soon! X X X X Extracts X X X X X X X X Extracts X X X X ..... loy products. ✅ 25 Objective-Type Questions on Steel Import Monitoring System (SIMS) 1. What does SIMS stand for? a) Steel Import Market System b) Standard Import Management System c) Steel Import Monitoring System d) Special Indian Metal Survey 2. Which organization manages the SIMS portal in India? a) Ministry of Finance b) Directorate General of Foreign Trade (DGFT) c) M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inistry of Steel d) Bureau of Indian Standards 3. SIMS was introduced under which legal framework? a) FEMA 1999 b) FTDR Act, 1992 c) Customs Act, 1962 d) BIS Act 4. The primary objective of SIMS is: a) Quality testing of imported steel b) Collecting advance information for strategic planning c) Issuing licenses for steel production d) Controlling steel prices 5. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SIMS applies to which category of imports? a) All goods under ITC(HS) b) Only steel and steel products listed under Chapter 72, 73 and 86 c) Food products only d) Machinery and electronics 6. SIMS applies to imports under which trade regime? a) Restricted b) Free c) Prohibited d) SEZ only 7. Is SIMS a licensing system? a) Yes b) No c) Only for critical alloys d) Depe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nds on the country of origin 8. SIMS requires importers to: a) Obtain an import license b) Register online before importing specified steel items c) Submit physical copies to DGFT d) Approach customs directly 9. SIMS registration must be done at least how many days before the import? a) 15 calendar days b) 5 working days c) 7 calendar days d) 21 working days 10. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SIMS registration remains valid for how long? a) 7 days from date of application b) 60 days from issue of SIMS Registration Number c) Until the next FTP update d) Indefinitely 11. SIMS registration requires payment of a fee. What is the current amount (subject to change)? a) Rs.100 b) Rs.500 c) Rs.1,000 d) Rs.500 per product line 12. Where is the SIMS registration number ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... required to be declared? a) In invoice b) In the Bill of Entry c) On the steel product d) On the shipping label 13. Which chapters of ITC(HS) are covered under SIMS? a) Chapters 70-76 b) Chapters 72 and 73 c) Only Chapter 74 d) All chapters 14. The information collected under SIMS is used for: a) Customs valuation b) Government policy formulation and import monitoring ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... c) Anti-dumping investigation d) Sourcing subsidies 15. SIMS replaced which earlier system or practice? a) Advance Authorization b) Quality Control Orders c) Ad hoc data collection for steel imports d) None, it is a new system 16. Is SIMS applicable for re-import of steel products? a) No b) Yes c) Only if value > Rs.1 crore d) Only if duty exemption claimed 17. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... What happens if an importer does not register on SIMS before importing covered items? a) DGFT issues a show cause b) Customs blocks clearance c) No penalty d) Import allowed at higher duty 18. Can SIMS registration be amended after submission? a) Yes, within validity b) No c) Only by DGFT HQ d) Yes, but only for port of import 19. Can a single SIMS registration cover mult ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iple items? a) No, one item per registration b) Yes, if within the same HS chapter c) Yes, multiple HS codes can be declared in one registration d) Only for SEZ 20. SIMS is primarily a: a) Licensing control b) Trade restriction c) Monitoring mechanism d) Pricing mechanism 21. SIMS data is eventually published by: a) Ministry of Steel b) DGFT for public and industry use ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... c) NITI Aayog d) Indian Steel Association 22. Which of the following is NOT a steel item under SIMS? a) Flat-rolled products of iron b) Hot-rolled coil c) Steel doors d) Printed books 23. Is SIMS applicable for imports for personal use (non-commercial)? a) No b) Yes c) Only if imported via air d) Only if value > Rs.5 lakh 24. SIMS portal can be accessed via: a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) GST Portal
b) ICEGATE
c) https://imports.gov.in
d) https://dgft.gov.in
25. Who is responsible for ensuring SIMS compliance - exporter or importer?
a) Exporter
b) Port Authority
c) Importer
d) Clearing Agent
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