Reg.1 Short title and commencement

       (1) These regulations may be called the Project Imports Regulations, 1986.
       (2) They shall come into force on the 3rd day of April, 1986

Reg.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).

Reg.3 Definitions

       For the purposes of these regulations, -
       (a) "industrial plants" 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"

Reg.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 contract or contracts has or have been so registered,
       (i) before any order is made by the proper officer of customs permitting 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 date of payment of duty.

Reg.5 Registration of Contracts

       (1) Every importer claiming assessment of the goods falling under the said heading No. 98.01, on or before their importation shall apply in writing to the proper officer at the port where the goods are to be imported or where the duty is to be paid for registration of the contract or contracts, as the case may be :
       Provided that in the case of consignments sought to be cleared through a Custom House other than the Custom House at which the contract is registered, the importer shall produce from the Customs House of registration such information as the proper officer may require.
       (2) The importer shall apply, as soon as may be, after he has obtained the Import trade control licence wherever required for the import of articles covered by the contract and in case of imports covered by the Open General Licence or imports made by Central Gove

Reg.6 Amendment of contract

       (1) If any contract referred to in regulation 5 is amended, whether before or after registration, the importer shall make an application for registration of the amendments to the said contract to the proper officer.
       (2) The application shall be accompanied by the original deed of contract relating to the amendments together with a true copy thereof and the documents, if any, permitting consequential amendments to the import trade control licence, wherever required, for the import of articles covered by the contract and in the case of imports covered by Open General Licence, as soon as clearance from the 1[concerned sponsoring authority], as the case may be, has been obtained along-with a list of articles referred to in clause (4) of regulation 5, duly attested.
       (3) On being satisfied that the application is in order, the proper officer s

Reg.7 Finalisation of contract

       The importer shall within three months from the date of clearance for home consumption of the last consignment of the goods or within such extended period as the proper officer may allow, submit a statement indicating the details of the goods imported together with necessary documents as proof regarding the value and quantity of the goods so imported in terms of this Regulation and any other document that may be required by the proper officer for finalisation of the contract.]
       4[TABLE
       Sr. No. Name of the Plant or Project Sponsoring Authority
       1. All plants and projects under SSI Units. Director of Industries of the concerned State.
       2. All Power Plants and Transmission Projects under, -
       (a) National Thermal