Registration of contracts - CBEC's Customs Manual 2023 - Customs

..... in writing to the proper officer of Customs. 3.2 Regulation 5 provides in the manner of registering contracts, which is as follows: (i) Before any order is made by the proper officer of Customs permitting the clearance of the goods for home consumption; (ii) In the case of goods cleared for home consumption without payment of duty subject to re-export in respect of fairs, exhibitions, demonstrations, seminars, congresses and conferences, duly sponsored or approved by the Government of India or .....

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Registration of contracts - CBEC s Customs Manual 2023 - Customs

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..... CIF value of contract sought to be registered subject to the maximum of Rs. 50 lakhs and the balance amount by the bank Guarantee backed by an undertaking to renew the same till finalization of the contract. The said Continuity Bond should be made out for an amount equal to the CIF value of the contract sought to be registered. (vi) Write up, drawings, catalogues and literature of the items under import. (vii) Process flow chart, plant layout, drawings showing the arrangement of imported machine .....

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Registration of contracts - CBEC s Customs Manual 2023 - Customs

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..... not expressly declared to be void under the statute. It is therefore decided that a purchase order that contains all the essential ingredients of a valid contract must be treated as one under the Indian Contract Act, 1872. Thus, such a purchase order can be accepted as a “deed of contract” for the purpose of Regulation 5 of Project Import Regulations, 1986. [Refer Circular No. 31/2013-Cus. dated 6-8-2013] 3.5 After satisfying that goods are eligible for project imports benefit and i .....

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Registration of contracts - CBEC s Customs Manual 2023 - Customs

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