Project Import means import of plant and machinery and any other things which are required to establish a new project for manufacturing or producing any approved things in India or substantially expending existing project established in India. In the PIS all the items of project imports are assessed under the single classification under the Customs Tariff Act, 1975 with a single rate of duty instead of merit assessment of imported items.
How Project Import Scheme (PIS) is Beneficial For You?
The imported goods are classified separately under different tariff heading accordingly assessed to the applicable Customs duty but, for the setting of an Industrial Project or in a substantial expansion of a Project not only plant and machinery are required but other than these varieties of other goods are required and imported. Any importer who wishes to avail the benefit of PIS by claiming assessment of imported goods falling under the Customs Tariff Heading and claim the benefit of the concessional rate of duty shall be required to register all their import contracts with the Customs authorities.
What Are Our Services?
Our professionals shall inform you about the eligibility i.e. is required for Project Import. If you fulfill the criteria then the following procedure shall be followed: We shall be taking follow up with the department. If there are any issues with your application dept. shall inform the same. The contract is registered by the Custom House and as a token, the provisional duty bond is accepted by the Deputy Commissioner of Customs, Project Import Group, after satisfying that goods are eligible for project import benefit and importer has submitted all the required documents. The details of the contracts are entered in the register and a Project Contract Registration Number is assigned and communicated to the importer. The importer is required to refer to this number in all subsequent correspondence.
Following are the Project Import services we provide:
a) We shall check your eligibility.
b) We shall submit your application
c) We will take follow-up of your application
d) If there is any deficiency reported by the department, then we will represent your case.
e)We will also make sure that all your requirements are fulfilled within time.
Why Choose Us?
Work will be done in very less period. Compared to other firms our fees are low. We have the expert team with more than 30 years of experience in export. We have professional skills in preparation and representation of case. We have a huge client base from all the sectors. The most important thing for getting things done is that we have good and strong relations with the concerned department.
