Sub-contracting limits for gems and jewellery impose a time-bound return requirement for goods taken out for processing. The amendment to the Special Economic Zones Rules adds a proviso to rule 42 requiring gems and jewellery units to return finished goods needing further processing and semi-finished goods taken out for sub-contracting back into the unit within a specified, time-bound period, creating a distinct compliance obligation under the SEZ regulatory framework upon commencement by Gazette notification.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Sub-contracting limits for gems and jewellery impose a time-bound return requirement for goods taken out for processing.
The amendment to the Special Economic Zones Rules adds a proviso to rule 42 requiring gems and jewellery units to return finished goods needing further processing and semi-finished goods taken out for sub-contracting back into the unit within a specified, time-bound period, creating a distinct compliance obligation under the SEZ regulatory framework upon commencement by Gazette notification.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
