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of <h1>Clarification on Exemptions for Project Imports: Uniform Duty Rate Under Heading 98.01; No De-registration Allowed.</h1> The circular addresses the applicability of exemptions for individual goods within project imports. It clarifies that once a contract is registered for project import, all goods under that contract are classified under Heading No. 98.01 of the Customs Tariff and subject to a uniform duty rate. These goods lose their individual classification and are not eligible for differential duty rates prescribed for individual goods unless specifically covered under Heading 98.01. Additionally, once registered, contracts cannot be de-registered in whole or part. The Board supports the Collector of Customs, Bombay's view on maintaining the integrity of registered project import contracts.
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