IGCR vs Project Import – What Should You Choose?

Introduction
Businesses involved in import-dependent manufacturing or large industrial setups often evaluate two duty-saving options: IGCR (Import of Goods at Concessional Rate) and the Project Import Scheme. Both offer concessional customs duty, but they serve completely different purposes.

1. What Is IGCR?

• Allows import of raw materials, components, spares, and capital goods at concessional duty.
• No need to register a project or specify a project value.
• Flexible, faster, and suitable for regular manufacturing activities.
• Best for ongoing production rather than one-time setup.
• No fixed export or time-bound obligation, just end-use compliance.

2. What Is Project Import?

• Designed for capital-intensive, one-time industrial or infrastructure projects.
• All machinery, equipment, and parts required for a project are grouped under a single concessional duty heading.
• Requires project registration with customs, detailed documentation, and completion timelines.
• Ideal for turnkey installations like refineries, power plants, metro rail projects, cement units, etc.

3. Which One Should You Choose?

• Choose IGCR if you need continuous, flexible imports for manufacturing.
• Choose Project Import if you are setting up a new plant or major project with bulk machinery imports.

Conclusion
IGCR supports day-to-day industrial imports with simple compliance, while Project Import is a structured benefit for large, one-time project execution. The right choice depends on whether your need is recurring or project-based.

Learn more about IGCR at https://www.jparks.co/services/apply-for-igcr-clearance/