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    Expanding Trade Horizons: The 2023 Amendment to SEZ Rules for Gem and Jewellery Units
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    NotificationsSEZ
    Expanding Trade Horizons: The 2023 Amendment to SEZ Rules for Gem and Jewellery Units
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    Sourcing of precious metals allowed free from foreign buyers for direct export to the same buyer, easing operations.
    The amendment permits gem and jewellery units in SEZs to obtain gold, silver or platinum free of charge from foreign buyers for export to the same foreign buyer, supplementing purchase and loan options and operating within the SEZ exemption framework. This condition ties the benefit to export activity and reduces dependency on loan arrangements, thereby improving cash flow and operational efficiency for export transactions involving precious metals.

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