Dear Exports,
I wanna discuss a case as bellow :
Raw Material imported by a foreign company A under IGCR Benefit than send to Vendor factory for further manufacturing and return backi.e. JOB WORK.
If the company A colud process this case Under IGCR ?
Foreign company confirms legality of outsourced job work under IGCR Rules 2017, citing Rules 5 and 6. A foreign company, referred to as Company A, imports raw materials under the IGCR benefit and sends them to a vendor for job work before returning them. A participant inquires if this process is permissible under the IGCR. Another participant confirms that job work is allowed under the Customs (Import Of Goods At Concessional Rate of Duty) Rules, 2017, specifically citing Rules 5 and 6 and Notification No.68/2017-Customs(N.T.). The inquirer thanks the responder and confirms understanding that the law permits using imported goods for outsourced job work. (AI Summary)