Tax exemption on nominated agency gold supplies allowed if jewellery is exported and proof of export is furnished timely. Intra State supply of gold under heading 7108 by a Nominated Agency to a registered recipient for export oriented jewellery manufacture is exempt from State tax under section 9, provided the agency and recipient follow the Foreign Trade Policy and Handbook of Procedures, the recipient exports the jewellery within the prescribed period and furnishes the shipping bill or export invoice with GSTIN to the Nominated Agency within the specified timeframe; absent such proof, the Nominated Agency must pay the State tax on unexported gold with interest.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption on nominated agency gold supplies allowed if jewellery is exported and proof of export is furnished timely.
Intra State supply of gold under heading 7108 by a Nominated Agency to a registered recipient for export oriented jewellery manufacture is exempt from State tax under section 9, provided the agency and recipient follow the Foreign Trade Policy and Handbook of Procedures, the recipient exports the jewellery within the prescribed period and furnishes the shipping bill or export invoice with GSTIN to the Nominated Agency within the specified timeframe; absent such proof, the Nominated Agency must pay the State tax on unexported gold with interest.
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