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of <h1>India's Project Import Scheme Simplifies Customs for Industrial Projects Under Tariff Heading 9801</h1> The Project Import Scheme in India simplifies the customs assessment process for importing goods necessary for industrial projects by classifying all items under a single Tariff Heading 9801 in the Customs Tariff Act, 1975. This scheme aims to streamline the import of capital goods and related items for project setup or substantial expansion, avoiding the cumbersome task of separate classification. Eligible projects include irrigation, power, mining, and oil exploration, but exclude hotels, hospitals, and similar entities. The scheme allows importing machinery, equipment, and components, with specific provisions for construction equipment and spare parts, ensuring efficient project execution.
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