Page 204 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

digit as 99. This can be treated as the Project Number, for the quating the same in the Bill of
Entry.
ii - Bond Registration
For the purpose of Project Imports, a new category of bonds with the code PI have
been created. This bond is a national provisional bond, and can be used for imports at any
port under a project. The bond registration is similar to any other bond. Only when a Project
Import bond registered can a project be registered quoting the same in registration form.
iii - Filing of Import Declaration
Once a project number is generated, the same can be used to file import
declarations similar to how declarations with EP licence are field. The Bills of Entry will have
to be filed with Project Import as the Scheme Code and the serial numbers of the itmes of
import will also have to be quoted as per the project registration along with the Project
number in the license table. The bond details will reflect similarly at the time or assessment
and with the corresponding debit value. The project ledger will also be maintained the same
way as the licence ledger in the system with both item quantity and value debits. For
imports at ports other than the port of registration, online TRA can be issued in the system
at the port of registration.
iv - Finalisation of project
The finalisation of all the Bills of Entry under a project and recrediting of the bond
can be done like for other Bills at the finalisation of Provisional Assessment.
To begin with, project registration and bond registration have been operationalised
in ICES and it is requested that all the live projects currently and hereafter be compulsorily
registered in the system. No Bill of Entry of project imports will be allowed to be filed
without quoting the project number.
Q-798: Explain the project exports
A-798: To export of engineering goods on deferred payment terms and execution of turnkey
projects and civil construction contracts abroad collectively.
Project Exports would encompass
(i) Civil construction contracts;
(ii) Turnkey Engineering contracts including supply of Capital Goods on deferred
payment terms;
(iii) Process and Engineering Consultancy Services; and
(iv) Project Construction items (excluding Steel and Cement).

RE-EXPORT/RE-IMPORT
Q-799: State true or false:
(i) Re-export under Section 69 & 74 of the Customs Act, 1962

(ii) Re-export of goods imported under Reward Scheme as specified under Chapter 4 of
the Foreign Trade Policy

(iii) Re-export under Section 69 of the Customs Act, 1962 filed through online under
Scheme Code 00.
(iv) Re-export under Section 74 of the Customs Act, 1962 filed through online under
Scheme Code 19.
(v) Re-export of goods imported under Reward Scheme as specified under Chapter 3 of
the Foreign Trade Policy filed though online under Scheme Code 00

199