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State Industries Promotion Corporation of Tamil Nadu (SIPCOT) Limited, a fully government owned premier institution, established in the year 1972, has been a catalyst in development of small, medium and large scale industries in Tamil Nadu.

policies :



Project Import policy nomination

Government of India
Ministry of Commerce & Industry
Department of Industrial Policy & Promotion

Udyog Bhawan, New Delhi
Dated: 25th November 1999

PRESS RELEASE

  1. In fulfillment of its commitment to provide greater transparency in decision making and to dispose of proposals in a time bound manner, it has been decided to constitute a committee under the chairmanship of Joint Secretary, Department of Industrial Policy & Promotion to consider applications filed for issue of "Essentiality Certificate for Project import" in terms of customs notification No.230/86 dated 3.4.86 (amended from time to time) for those items for which Department of Industrial Policy & Promotion is administratively concerned.

  2. Applications for issue of the aforesaid "Essentiality Certificate" should be necessarily filed with the Entrepreneurial Assistance Unit, Secretariat for Industrial Assistance (SIA), Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, Udyog Bhawan, New Delhi, which on receipt of such application shall issue a computerized acknowledgement, bearing registration number for all future reference. Applicants should ensure that all documents are filed along with the application as per the enclosed check list. The necessary "Essentiality Certificate" will be issued or communication issued otherwise to the applicant, within a period of three weeks.

(ASHOK KUMAR)
JOINT SECRETARY
File No.7(25)/99-IP Dated: 25th November, 1999
Check List for Project Import Applications
Requirement of Documents
A. For Import of Capital Goods and Spares directly by Project Authority.
  1. Application along with list of items of import in quadruplicate. List of items should contain brief technical specification, quantity and c.i.f. value of individual items.
  2. Copy of Industrial Approval
  3. Copy of Proforma Invoices for items of import
  4. Brief Technical justification.

B. For Import of Raw Material, Components and Spares by indigenous vendors on whom Orders placed by Project Authority for supply of Capital Goods.

  1. Application along with lists of items of import in quadruplicate.List of items should contain brief technical specification, quantity and c.i.f. value of individual items
  2. Copy of confirmed order placed by Project Authority on Vendor.
  3. Copy of Industrial Approval for the Project.
  4. Copy of Industrial Approval obtained by the vendor for the manufacture of Capital Goods under reference.
  5. Essentiality Certificate from Project Authority containing brief details of project and order placed on vendor and a declaration to the effect that concessional duty benefits have been passed on to them by the vendor.
  6. Declaration from vendor to the effect that concessional duty benefits accrued will be passed on to Project Authority.
  7. Copy of proforma invoice for the items proposed for import.
  8. Brief technical justification for the items applied for import.
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