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of <h1>Mumbai Customs Mandates Timely Submission of Reconciliation Statements and Reports for Project Imports Under CTH 98.01.</h1> The circular from the Customs Office in Mumbai addresses delays in submitting reconciliation statements for project imports under CTH 98.01. It mandates that importers submit these statements within three months post-import, alongside a Plant Site Verification Report. Projects must now be registered for a specific period, with quarterly progress reports required to monitor import progress and installation. Failure to submit these reports may lead to project de-registration. The circular includes an amended application form (Annexure-A) and a quarterly report format (Annexure-1), applicable to all importers under CTH 98.01, effective from April each financial year.
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