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.

[Markesh Antony]

Project Imports Regulations, 1986 (available on this site) are providing the manner and procedure of import of project import. Chapter 98 of the Customs Tariff is providing the rate of tariff relating to project import, you need to visit the relevant notification for effective rate of customs duty on project import.

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.