Can a unit setup as Bonded Manufacturing Unit, do jow work activity ?
BONDED MANUFACTURING UNIT
Vinaykumar Jhawar
Can Bonded Manufacturing Units Perform Job Work? Exploring Permissions and Regulations Under Customs Act A discussion on whether a bonded manufacturing unit can perform job work activities. An initial query was raised about the possibility, leading to various responses. One expert suggested reviewing specific regulations and notifications, while another highlighted that bonded manufacturing units could act as bonded warehouses, requiring permission from customs authorities for job work activities. It was mentioned that job work might fall under 'Other Operations' as per the Customs Act. A participant noted an article indicating service operations are not allowed, but further clarification and permissions could enable job work activities. (AI Summary)
TaxTMI
TaxTMI