In a significant move, the Ministry of Commerce and Industry has issued a notification, G.S.R. 105(E), amending the Special Economic Zones (SEZ) Rules, 2006. This achievement marks a milestone for the GJEPC.
The newly introduced Special Economic Zones (Amendment) Rules, 2024, come into force immediately. Under the amendment, foreign buyers are now permitted to provide gold to SEZs free of charge. This provision is added after the word “Agencies” in sub-rule (6) of rule 27 of the Special Economic Zones Rules, 2006.
This victory paves the way for enhanced trade opportunities, allowing for the free supply of gold from foreign buyers and its subsequent export back to the same foreign buyer. Vipul Bansal, Joint Secretary (F. No. D.12/4/2013-SEZ(pt)), has signed the notification.
For more Updates Do follow us on Social Media
Facebook Page https://bit.ly/3blw5Rg
Instagram https://bit.ly/3MsRHbP
YouTube https://bit.ly/3LjGj2L
Twitter https://bit.ly/3E9IO5U
Linkedin https://bit.ly/3M17Xlk
WhatsApp Group https://bit.ly/JewelBuzz13
Comments