Import under project import - benefit

[chaganti srinivas]

I want to set up manufacture plant and planning to import machinery. Can i import under project imports?. what is the benifit i will get?. I do not have any export oblication or any concessional rate duty payments. please give the procedure.

AI Summary

Consult Project Imports Regulations, 1986 & Chapter 98 of Customs Tariff for Importing Machinery without Export Obligations. An individual inquired about setting up a manufacturing plant and importing machinery under project imports, seeking information on benefits and procedures, without any export obligations or concessional duty rates. A respondent advised consulting the Project Imports Regulations, 1986, for procedures and Chapter 98 of the Customs Tariff for applicable tariff rates, suggesting a review of relevant notifications for the effective customs duty rate on project imports.