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<h1>Project Imports Regulations 1986: New Rules for Importing Industrial Plants and Contract Registration Under Customs Tariff Act</h1> The Project Imports Regulations, 1986, established by the Central Board of Excise and Customs, came into effect on April 3, 1986, replacing the 1965 regulations. These regulations apply to goods under heading No. 98.01 of the Customs Tariff Act, 1975, for assessment and clearance. They define terms like 'industrial plants' and 'sponsoring authority' and outline procedures for registering contracts for imported goods. Importers must register contracts before goods clearance, provide necessary documentation, and apply for amendments if contracts change. The regulations also specify finalization procedures post-clearance and list various sponsoring authorities for different project types.