Export-linked exemption for gold supply by nominated agency: tax waived subject to export proof; agency liable if proof not furnished. State GST is exempted on intra State supply of gold by a Nominated Agency to a registered jewellery exporter under the Export Against Supply scheme, subject to compliance with the Foreign Trade Policy and Handbook of Procedures. The recipient must export jewellery made from the supplied gold and furnish the shipping bill or bill of export with GSTIN and export invoice to the Nominated Agency within the prescribed period. If export proof is not produced in time, the Nominated Agency must pay the State Tax for the unexported quantity 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.
Export-linked exemption for gold supply by nominated agency: tax waived subject to export proof; agency liable if proof not furnished.
State GST is exempted on intra State supply of gold by a Nominated Agency to a registered jewellery exporter under the Export Against Supply scheme, subject to compliance with the Foreign Trade Policy and Handbook of Procedures. The recipient must export jewellery made from the supplied gold and furnish the shipping bill or bill of export with GSTIN and export invoice to the Nominated Agency within the prescribed period. If export proof is not produced in time, the Nominated Agency must pay the State Tax for the unexported quantity with interest from the date tax would have been payable.
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