Can a unit setup as Bonded Manufacturing Unit, do jow work activity ?
BONDED MANUFACTURING UNIT
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Job work in bonded manufacturing units permitted with customs permission as Other Operations under Section 65(1).
A bonded manufacturing unit may act as a bonded warehouse and undertake job work if it obtains permission from the Principal Commissioner or Commissioner of Customs; job work is regarded as Other Operations under the customs regulatory framework, supported by the Manufacture and Other Operations in Warehouse Regulations, 2019 and related customs notifications and circulars. (AI Summary)
A bonded manufacturing unit may act as a bonded warehouse and undertake job work if it obtains permission from the Principal Commissioner or Commissioner of Customs; job work is regarded as Other Operations under the customs regulatory framework, supported by the Manufacture and Other Operations in Warehouse Regulations, 2019 and related customs notifications and circulars. (AI Summary)
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