Background:
The CBIC vide Notification No. 10/2021-Customs, dated February 01, 2021, amended the Project Import Regulations, 1986 in terms of the powers conferred under Section 157 of the Customs Act, 1962 (“the Customs Act”). The Project Import Regulations, 1986 was last amended vide Notification No. 10/2021 dated February 01, 2021 w.e.f. February 02, 2021, where after serial number 3FF and the entries relating thereto, the following serial number and entries were inserted:
|
Sr. No. |
Name of the Plant or Project |
Sponsoring Authority |
| “3FFF | High-Speed Rail Projects |
National High-Speed Rail Corporation Limited.”. |
Notification:
The CBIC vide Notification No. 54/2022-Customs, dated October 19, 2022, amended the Project Import Regulations, 1986 in terms of the powers conferred under Section 157 of the Customs Act w.e.f. October 20, 2022:
“(i) Against Sr. No. 2, in column 2, for the words “All Power Plants and Transmission Projects”, the words “All Power Plants and Transmission Projects, other than solar power plants or solar power projects,” shall be substituted;
(ii) Against Sr. No. 3, in column 2, for the words, figures, and symbols “Power Plants & Transmission Projects other than those mentioned at Sl. No. 2 above.” the words, figures, and symbols“ Power Plants and Transmission Projects, other than solar power plants or solar power projects and other than those mentioned at Sr. No. 2 above” shall be substituted;
(iii) against Sr. No. 3FF, in columns 2 and 3, after the item (xi) and the entries relating thereto, the following items and entries shall be inserted, namely: –
|
2. |
3. |
|
“(xii) Bhopal Metro Rail Project (xiii) Indore Metro Rail Project |
Managing Director, Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) Managing Director, Madhya Pradesh Metro Rail Corporation Limited (MPMRCL)”. |
The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009534/ENG/Notifications
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