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Introducing the “In Favour Of” filter in Case Laws.
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<h1>2023 Amendment to Rule 27(6) SEZ Rules: Boosts Gem and Jewellery Units by Easing Metal Sourcing for Export.</h1> The 2023 amendment to Rule 27(6) of the Special Economic Zones (SEZ) Rules, 2006, effective from February 5, 2023, enhances the operational framework for gem and jewellery units within SEZs. It allows these units to source gold, silver, or platinum free of charge from foreign buyers, provided the metals are exported back to the same buyers. This change aims to simplify transactions, reduce costs, and improve cash flow, thereby boosting the competitiveness and efficiency of these units. The amendment aligns with the SEZ Act's objectives to promote exports and economic growth by easing the constraints of loan-based transactions.
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