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<h1>Regulation 1 clarifies title, start date and continuity from earlier Project Imports rules under section 157 Customs Act</h1> Regulation 1 of the Project Imports Regulations, 1986, issued by the Central Board of Excise and Customs under section 157 of the Customs Act, 1962, formally titles these regulations as the 'Project Imports Regulations, 1986' and specifies their commencement date as 3 April 1986. It simultaneously supersedes the earlier Project Imports (Registration of Contract) Regulations, 1965, while preserving the validity of actions already taken or omitted under the previous regulations before their supersession. The provision functions as a standard short title and commencement clause and clarifies the continuity of legal effects under the prior regime.