Seeks to amend notification No. 230/86-Customs dated 03.04.1986 so as to notify National High Speed Rail Corporation Ltd. as Sponsoring Authority for High Speed Rail projects

Last updated: 01 February 2021

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This notification amends the Project Imports Regulations of 1986. It officially designates the National High Speed Rail Corporation Limited (NHSRCL) as the Sponsoring Authority for all High Speed Rail Projects. This change comes into effect on 2nd February 2021.

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 10/2021-Customs

New Delhi, the 1st February, 2021

G.S.R. (E).- In exercise of the powers conferred by section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following regulations further to amend the Project Imports Regulations, 1986, namely:-

1. Short title and commencement. -

(1) These regulations may be called the Project Imports (Amendment) Regulations, 2021.

(2) They shall come into force on the 2nd day of February, 2021.

2. In the Project Imports Regulations, 1986, in the TABLE, after serial number 3FF and the entries relating thereto, the following serial number and entries shall be inserted, namely:-

Sr. No	Name of the Plant or Project	Sponsoring Authority
“3FFF	High Speed Rail Projects	National High Speed Rail Corporation Limited.”.

3. This notification shall come into force on the 2nd February, 2021.

[F. No. 334/02/2021-TRU]

(Rajeev Ranjan)

Under Secretary to the Government of India

Note: The principal notification No. 230/1986 – Customs, dated the 3 rd April, 1986 was published in the Gazette of India, vide number G.S.R. 580 (E), dated the 3 rd April, 1986 and was last amended vide notification No. 24/2017 – Customs, dated the 23rd June, 2017, published vide number G.S.R. 628 (E), dated the 23rd June, 2017.

FAQ :

This notification amends the Project Imports Regulations, 1986, to specify the Sponsoring Authority for High Speed Rail Projects.

The National High Speed Rail Corporation Limited (NHSRCL) has been appointed as the Sponsoring Authority.

These regulations come into force on the 2nd day of February, 2021.

The Project Imports Regulations, 1986, specifically the table listing Sponsoring Authorities, is being amended.

Notification No : 10/2021-Customs
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-tarr2021/cs10-2021.pdf

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