Project import scheme permits uniform flat-rate customs classification for project-related capital goods upon contract registration. The Project Import Scheme permits classification of approved project-related capital goods and related items under a single uniform heading at a flat duty rate, subject to eligibility limitations, prior registration of supply contracts with prescribed documentary support and security, provisional assessment against registered particulars, and finalisation through importer reconciliation, installation certification and, when appropriate, plant-site verification.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Project import scheme permits uniform flat-rate customs classification for project-related capital goods upon contract registration.
The Project Import Scheme permits classification of approved project-related capital goods and related items under a single uniform heading at a flat duty rate, subject to eligibility limitations, prior registration of supply contracts with prescribed documentary support and security, provisional assessment against registered particulars, and finalisation through importer reconciliation, installation certification and, when appropriate, plant-site verification.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.