GST exemption on nominated agency gold supplies for jewellery export, conditional on export proof and tax liability for non export. Exemption of State Tax on intra State supply of gold by nominated agencies for jewellery export is granted to registered exporters under the 'Export Against Supply by Nominated Agency' scheme, subject to compliance with Foreign Trade Policy and Handbook procedures. Exporters must furnish export documentation within prescribed periods; if export proof is not produced, the nominated agency must pay State Tax on unexported gold with interest from the date tax would have been payable.
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.
GST exemption on nominated agency gold supplies for jewellery export, conditional on export proof and tax liability for non export.
Exemption of State Tax on intra State supply of gold by nominated agencies for jewellery export is granted to registered exporters under the "Export Against Supply by Nominated Agency" scheme, subject to compliance with Foreign Trade Policy and Handbook procedures. Exporters must furnish export documentation within prescribed periods; if export proof is not produced, the nominated agency must pay State Tax on unexported gold with interest from the date tax would have been payable.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
