Project-import assessment under Heading 98.01 depends on...

Project-import assessment under Heading 98.01 depends on registration of the relevant contract on or before importation and before clearance for home consumption; execution of a foreign-supplier purchase order is not importation. Accordingly, only goods imported after contract registration may receive project-import treatment, subject to all other regulatory conditions, while goods imported before registration do not qualify. Post-clearance revision of a qualifying Bill of Entry remains available under Section 18A notwithstanding the restriction in Section 149, but remains subject to prescribed requirements. Consequential refund processing may follow for qualifying post-registration consignments.