TaxTMI 
TaxTMI 
Introduction of 'Project Imports module' in ICES -regarding
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Attention of all stakeholders, Importers, Exporters and General Trade is drawn to the ICES Advisory 13/2019 dated 29.05.2019 on the introduction of Project Imports module in ICES issued by The Directorate of Systems, CBIC, New Delhi. Project Imports registration as per the Project Imports Regulations, 1986 was being done manually till now. 2. As per the said Advisory, a holistic Project Impor....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... may be kept in mind while registering a project: a) Scheme code to be used is PI, Notification will be null. b) All items of import have to be entered with quantity and value; No items of export. c) Default validity has been kept as 84 months. But the same is amendable. d) The limitation factor would be B - both value and quantity. e) Sponsoring authority's Essentiality Certific....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... be used for imports at any port under a project. The bond registration is similar to any other bond in the roles of REB and ACB. Only when a PI bond is registered a project can be registered quoting the same in registration form. If a Bank Guarantee needs to furnished, same should be having expiry date at least 180 days more than expiry date of the relevant bond. 3) Filing of import declaratio....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ding necessary information for the benefit of trade will follow. 4) Finalization of Project The finalization of all the BES under a project and re-crediting of the bond can be done using the already existing options in the FAO and FDC roles. 3. To begin with, project registration and bond registration have been operationalized in ICES. It is requested that all the live projects currently an....