Steel Import Monitoring System’ 2.0 Portal

About Steel Import Monitoring System’ 2.0 Portal:

• It features API integration with multiple government portals, enhancing quality control and streamlining processes for improved efficiency and effectiveness.
• The portal boasts a robust data entry system, ensuring consistent and authentic data, which promotes transparency and accountability. Integration of various databases enable stakeholders to locate areas of risk and, thereby, permit better risk management.
  • Example: If an import consignment declares a particular source of import, which is not licensed by BIS, then the Ministry will be enabled to not recommend its import. The detailed data will enable Customs to conduct better analysis and risk management of steel imports.
• SIMS was introduced in 2019, and has played a crucial role in providing detailed steel import data to the domestic industry.
• Based on industry feedback, the Ministry has revamped the portal to develop a more effective SIMS 2.0, a significant step forward in monitoring steel imports and promoting the growth of the domestic steel industry.
• Significance: Availability of such detailed data not only provides input for policy making but also signals areas for production and growth to the domestic steel industry.