Project Imports (Amendment) Regulation, 1992 - 017/92 - Customs -Tariff

Project Imports (Amendment) Regulation, 1992 Notification No. 17/92-Cus. Dated 7-1-1992 In exercise of the powers conferred by section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations to amend the Project Imports Regulation, 1986, namely :- (1) These regulations may be called the Project Imports (Amendment) Regulation, 1992. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In Project Imports Regulation, 1986, after regulation 6, the following regulation shall be inserted, namely : "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."