Special Economic Zones (Amendment) Rules, 2017

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....following rules further to amend the Special Economic Zones Rules, 2006, namely:- 1. Short title and commencement.- (1) These rules may be called the Special Economic Zones (Amendment) Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Special Economic Zones Rules, 2006 (hereinafter referred as the said rules), in Rule 41, in sub-r....

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....e immediately preceding financial year: Provided that a unit, sub-contracting part of the production or production process to other unit in the same Special Economic Zone shall not require the permission of the Specified Officer provided that both the supplying and receiving units shall maintain proper account of the goods involved in the sub-contracting: Provided further that in case of gems ....

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....t in its own premises during that year.". 3. In the said rules, in rule 42, in sub-rule(1), in clause (ii), in sub-clause (h), the following proviso shall be inserted, namely:- "Provided that in case of a gems and jewellery unit, the finished goods requiring further processing or semi-finished goods, including precious metals, taken outside the Special Economic Zone for subcontracting by the un....