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of <h1>India Exempts Tax on Inter-State Gold, Silver, Platinum Supplies for Export; Conditions Apply Under Foreign Trade Policy 2023.</h1> The Government of India has exempted the integrated tax on inter-State supply of gold, silver, or platinum by nominated agencies to registered persons under the 'Export Against Supply by Nominated Agency' scheme. This exemption is effective from January 1, 2019, and is subject to conditions such as adherence to the Foreign Trade Policy and Handbook of Procedures. The recipient must export the jewelry made from these metals within 90 days and submit proof within 120 days. If proof is not provided, the nominated agency must pay the tax with interest. The notification aligns with the Foreign Trade Policy 2023.
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