Notification No. 230/1986, Dated 3rd April 1986

Project Imports Regulations, 1986

1. Short title and commencements.- 
(1) These regulations may be called the Project Imports (Amendment) Regulations, 2006.

(2) They shall come into force on the 1st day of March, 2006.

(Amended vide Notification No.  30/2007 - Customs, dated 01/03/2007)

(Amended vide Notification No.  17/2006 - Customs, dated 01/03/2006)

(Amended vide Notification No.  16/2004 - Customs, dated 08/01/2004)

(Amended vide Notification No.  37/2003 - Customs, dated 01/03/2003)

(Amended vide Notification No.  92/2002 – Customs, dated 6/09/2002)

2. Application.- 

These regulations shall apply for assessment and clearance of the goods falling under heading No. 98.01 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975).

3. Definitions.- 

For the purposes of these regulations,-
 

(a) "industrial plant" means an industrial system designed to be employed directly in the performance of any process or series of processes necessary for manufacture, production or extraction of a commodity, but does not include -
 

(i) establishments designed to offer services of any description such as hotels, hospitals, photographic studios, photographic film processing laboratories, photocopying studios, laundries, garages and workshops; or

(ii) a single machine or a composite machine, within the meaning assigned to it, in Notes 3 and 4 to Section XVI of the said First Schedule;

Explanation :- For the purposes of sub-clause (i) the expression "establishments designed to offer services of any description" shall not include video recording or editing units, cinematographic studios, cinematographic film processing laboratories, and sound recording, processing, mixing or editing studios;

(b) "Sponsoring authority" means an authority specified in the Table annexed to these regulation;

(c) "substantial expansion" means an expansion which will increase the existing installed capacity by not less than 25 per cent;

(d) "unit" means any self-contained portion of an industrial plant or any self-contained portion of a project specified under the said heading No. 98.01 and having an independent function in the execution of the said project.

4. Eligibility.- 

The assessment under the said heading No. 98.01 shall be available only to those goods which are imported (whether in one or more than one consignment) against one or more specific contracts, which have been registered with the appropriate Custom House in the manner specified in regulation 5 and such contracts or contracts has or have been so registered,
 

(i) before any order is made by the proper officer of customs premitting the clearance of the goods for home consumption;

(ii) in the case of goods cleared for home consumption without payment of duty subject to re-export in respect of fairs, exhibitions, demonstrations, seminars, congresses and conferences, duly sponsored or approved by the Government of India or Trade Fair Authority of India, as the case may be, before the - Customs (N.T.)