Registeration under Project Import

[Arti Gupta]

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.

[chandra shekahr]

Dear sir,

There is No restriction of registration of ports as per the notification. The para of the notification is produced below for your reference. But since you are importing the material from various ports, you have to keep the material separately and account separately and take safeguards not to mix of the goods and you are able to show bill of entry wise and port wise the goods to the inspection authority as and when they require. But Inspection is not mandatory but you have to be very careful at the time completion of the contracts.

T Chandra shrkhar

Manger Tax KSK ventures.

1) Every importer claiming assessment of the goods falling under the said heading No. 98.01, on or before their importation shall apply in writing to the proper officer at the port where the goods are to be import or where the duty is to be paid for registration of the contract or contracts, as the case may be:

AI Summary

Project import port registration allowed; separate accounting and segregation of goods required to maintain compliance and permit inspections. Portwise registration of a project import is permissible by applying in writing to the proper officer at the port of import or duty payment; importers must segregate goods, maintain portwise and bill of entry wise accounts, and be prepared to produce records for inspection, with physical inspection not mandatory but possible and safeguards required at contract completion.