The Ministry of Commerce and Industry on April 08, 2022 has issued the Special Economic Zones (Amendment) Rules, 2022 to further amend the Special Economic Zones Rules, 2006.
The following amendments have been made:
• In rule 41, which specifies Sub-contracting, sub-rule (1), clause (a), the second proviso has been substituted, namely:
“Provided further that in case of gems and jewellery unit, the semi-finished goods, precious metals and any other raw material (excluding diamonds or precious and semi-precious stones or lab grown diamonds) taken outside the Special Economic Zone for sub-contracting of studding by the unit shall be brought back into the unit within forty-five days”
• In rule 42, which specifies Procedure for sub-contracting in Domestic Tariff Area or in a Unit in other Special Economic Zones or in Export Oriented Unit or in Electronic Hardware Technology Park Unit or in Software Technology Park Unit or Bio-technology Park Unit or sub-contracting abroad, in sub-rule (1), clause (ii), sub-clause (h), the second proviso has been substituted, namely:
“Provided further that in case of gems and jewellery unit, the semi-finished goods, precious metals and any other raw material (excluding diamonds or precious and semi-precious stones or lab grown diamonds) taken outside the Special Economic Zone for sub-contracting of studding by the unit shall be brought back into the unit within forty-five days”
[Notification No. G.S.R. 288(E)]
