Manufacture of basic precious and other non-ferrous metals

Manufacturing of basic precious metals is a Qualifying Activity under the 'Manufacturing of goods or materials' category. Forensic auditors will verify the Fixed Asset Register for heavy machinery (smelters, electrolytic cells) to distinguish genuine manufacturing from 'Distribution of Goods' which would require a Designated Zone (DZ) status for 0% tax eligibility.

Audit Red Flag

Classification of simple 'ingot splitting' or 're-packaging' as manufacturing without achieving 'Substantial Transformation' as defined by the Harmonized System (HS) code shift.

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