Roll out or Project Import Module in ICES

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ports Scheme provides that all the goods imported for the purpose of setting up of Industrial Project or substantial expansion of existing industrial projects be subjected to single classification under heading 98.01 of Custom Tariff Act, 1975 and single rate of duty instead of merit assessment of imported goods. For this purpose, Project imports registration as mandated by Project Imports Regulat....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... (b) Bond Registration for Project Imports (c) Filing of provisional BES with project number and bond details. Item wise debits in the Project /bond for every BE (d) Finalization of the Provisional BES and re-crediting of the Bond A. Registration Project Registration functionality has been developed on the lines of license registration. The registration has to be d....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s registered under the new bond category of PI can be given during registration. h) Value (CIF in foreign currency (FC) is mandatory, Once the registration is complete in LIC role and then approved in APR role (under license management), a 10-digit number license number would be generated by the System with the first two digits as 99. This can be treated as the Project number, for furt....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....g with the Project number in the license table. The bond details will reflect similarly at the time of assessment and with the corresponding debit value. The project ledger will also be maintained the same way as the license ledger in the System with both item quantity and value debits. For imports at ports other than the port of registration, online TRA can be issued in the System at the port of ....