https://www.taxtmi.com/caselaws?id=74386 Project import benefit under Heading 84.66 required imports to be made against a specific contract duly registered with Customs, and the order, acceptance, pro forma invoice and letter of credit were insufficient substitutes. The contractual condition was treated as substantive, so failure to establish a registered contract defeated concessional assessment. The governing policy also required the unit to be recognised as an industry by the competent authority and registered as a factory under the Factories Act; a certificate issued for import control did not satisfy industrial recognition, and proposed post-installation factory registration was inadequate. The project import concession was therefore unavailable. en-us Mon, 23 Mar 1987 00:00:00 +0530 Wed, 08 Jun 2011 15:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74386 Project import benefit under Heading 84.66 required imports to be made against a specific contract duly registered with Customs, and the order, acceptance, pro forma invoice and letter of credit were insufficient substitutes. The contractual condition was treated as substantive, so failure to establish a registered contract defeated concessional assessment. The governing policy also required the unit to be recognised as an industry by the competent authority and registered as a factory under the Factories Act; a certificate issued for import control did not satisfy industrial recognition, and proposed post-installation factory registration was inadequate. The project import concession was therefore unavailable. Case-Laws Customs Mon, 23 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74386