Project Imports are covered under chapter 98 of ITC HS Classification and cover all goods, which are being imported for initial setting up of a unit or substantial expansion of an existing unit. All goods can be assessed under one customs tariff heading thus obviating any disputes with customs with regard to their classification.
Project import facilitates new projects or expansion by 25% or more for existing project at concessional rate of Customs Duty. Certificates are issued in favour of Commissioner of Customs of the port through which the imports are to effected by administrative ministry or authorities nominated.
We offer services for Project Import Certificate, which is issued by administrative ministry of the project. This certificate allows the entrepreneur to invest less in the capital goods due to a concession in import duty without any obligation to export. This certificate helps to lessen the burden of investment on the certificate holder.