https://www.taxtmi.com/article/detailed?id=7378 The Project Import Scheme allows imports of plant, machinery and other goods for new or substantially expanded projects to be assessed under a single concessional tariff heading (Heading 98.01) when sponsored by specified authorities and imported under itemized, attested contracts registered with Customs. Registration requires submission of the contract deed, project details, and any import licences; Customs issues a Project Contract Registration Number (PCRN). A prescribed security (bank guarantee) is required at registration, imports are provisionally assessed against a duty bond, and contracts must be finalized with supporting documents for final assessment and discharge of security. en-us Thu, 20 Apr 2017 13:05:06 +0530 Thu, 20 Apr 2017 13:05:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7378 The Project Import Scheme allows imports of plant, machinery and other goods for new or substantially expanded projects to be assessed under a single concessional tariff heading (Heading 98.01) when sponsored by specified authorities and imported under itemized, attested contracts registered with Customs. Registration requires submission of the contract deed, project details, and any import licences; Customs issues a Project Contract Registration Number (PCRN). A prescribed security (bank guarantee) is required at registration, imports are provisionally assessed against a duty bond, and contracts must be finalized with supporting documents for final assessment and discharge of security. Articles Customs - Import - Export - SEZ Thu, 20 Apr 2017 13:05:06 +0530 https://www.taxtmi.com/article/detailed?id=7378