What is the process of Export under 'Project Export'

[Arti Gupta]

Sir/ Madame,

I would like to know the process of Export under the 'Project Export' i.e.

1)HS Code Used in the Shipping Bill

2)Precaution to be taken at the time of filing of ARE-1 etc.

Thanks in advance.

[Rajagopalan Ranganathan]

Sir,

Please see "MEMORANDUM OF INSTRUCTIONS ON PROJECT & SERVICE EXPORTS" issued by RBI in 2003. I do not find any customs instruction on the subject. RBI's instruction may be found in Google Search.

[YAGAY andSUN]

Please check para B.22 'Project Exports and Service Exports' of RBI Master Directions RBI/FED/2015-16/11 FED Master Direction No. 16/2015-16 January 1, 2016.

[Guest]

Export customs clearance formalities are so simplified now days. Export clearance procedures are as simple as local sales procedures. After the member of GATT – General Agreement on Tariff and Trade, India has liberalized its import and export procedures and formalities very much. Before globalization till 1992, all procedures and formalities on export and import procedures are too complicated. Introduction of software system to file documents electronically made simple to handle export and import procedures for both government and traders in export import. The fast grown electronic and telecommunication industry worldwide contributed in large way in all sectors to boost simplification of procedures and formalities in export import trade also.

AI Summary

Project export procedures: follow central bank guidance for classification and documentation; customs use standard clearance workflows. The query asks which HS code to use in the shipping bill and what precautions to take when filing ARE-1 for a Project Export. Replies advise consulting the RBI Memorandum of Instructions on Project & Service Exports and paragraph B.22 of the RBI Master Directions for guidance on project and service exports; customs-specific instructions were not identified. Commentators note that export clearance follows standard procedures and electronic filing, so classification and foreign exchange compliance should follow RBI guidance while customs documentation proceeds via normal export clearance workflows.