https://www.taxtmi.com/circulars?id=69078 Registration of project import contracts requires a specified set of supporting documents and timelines: deficiency memos within 10 days, recommendatory letter verification within 5 days, and bank guarantee genuineness checks within 3 days. Bank guarantees must be in the prescribed format with self renewal and typically equal 2% of CIF value up to Rs.1 crore; failure to maintain continuity bonds or renew guarantees exposes importers to penal action under Project Import Regulations and the Customs Act. en-us Wed, 04 Jun 2025 00:00:00 +0530 Fri, 02 Jan 2026 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69078 Registration of project import contracts requires a specified set of supporting documents and timelines: deficiency memos within 10 days, recommendatory letter verification within 5 days, and bank guarantee genuineness checks within 3 days. Bank guarantees must be in the prescribed format with self renewal and typically equal 2% of CIF value up to Rs.1 crore; failure to maintain continuity bonds or renew guarantees exposes importers to penal action under Project Import Regulations and the Customs Act. Circulars Customs Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69078