Sir/Madame,
We are a large manufacturing company.Our different units are located across India and we Import our raw material and components through different ports across India.
I would like to know the legal position regarding registering a project at different ports for the import of the raw materials and components.For example our Unit A want to register a Project X at Mumbai Port and our Unit B want to register the same project X at Chennai Port separately; is it possible?If yes,kindly quote any judgment or legal provisions.
Thanks in advance.
Manufacturing firms can register projects at multiple Indian ports but must maintain separate accounts and proper documentation. A manufacturing company sought clarification on whether a project can be registered at multiple ports in India for the import of raw materials and components. The response indicated that there is no restriction on registering projects at different ports. However, the company must maintain separate accounts and ensure goods are not mixed. Proper documentation, such as bills of entry, must be available for inspection, though inspection is not mandatory. The company must apply in writing for the registration of contracts at the respective ports where goods are imported or duties are paid. (AI Summary)