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Roll out of Project Import Module in ICES - Customs - 27/2019

Extract

..... le in ICES - reg. Project Imports Scheme provides that all the goods imported for the purpose of setting up of Industrial Project or substantial expansion of existing industrial projects be subjected to single classification under heading 98.01 of Custom Tariff Act, 1975 and single rate of duty instead of merit assessment of imported goods. For this purpose, Project imports registration as mandated by Project Imports Regulations, 1986 has been happening manually till now. Bulky registers are bei .....

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Roll out of Project Import Module in ICES - Customs

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..... ped on the lines of license registration. The registration has to be done in the LIC role under License Registration. The same form as available at the time of registering licenses will be used for generating project number in the System. Following points may be kept in mind while registering a project. a) Scheme code to be used is PI, Notification will be null. b) All items of import have to be entered with quantity and value; No items of export. c) Default validity has been kept as 84 months. .....

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Roll out of Project Import Module in ICES - Customs

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..... her bond in the roles of REB and ACB. Only when a PI bond is registered can project be registered quoting the same in registration form. C. Filing of import declarations Once a project (license) number is generated, the same can be used to file import declarations similar to how declarations with EP licenses are filed. The BEs will have to be filed with PI as the scheme code and the serial numbers of the items of import will also have to be quoted as per the project registration along with the P .....

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Roll out of Project Import Module in ICES - Customs

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