Exemption on supply of gold for export by nominated agency subject to export documentation and tax recovery obligations. Intra State supply of gold under the Customs Tariff heading for gold by a Nominated Agency to a registered recipient for the Export Against Supply by Nominated Agency scheme is exempt from State GST under section 9, subject to compliance with the Foreign Trade Policy and Handbook of Procedures; the recipient must export jewellery made from the gold within the prescribed period and provide the shipping bill or bill of export with GSTIN and export invoice to the Nominated Agency within the further prescribed period; failing which the Nominated Agency must pay State Tax with interest on the unexported quantity.
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.
Exemption on supply of gold for export by nominated agency subject to export documentation and tax recovery obligations.
Intra State supply of gold under the Customs Tariff heading for gold by a Nominated Agency to a registered recipient for the Export Against Supply by Nominated Agency scheme is exempt from State GST under section 9, subject to compliance with the Foreign Trade Policy and Handbook of Procedures; the recipient must export jewellery made from the gold within the prescribed period and provide the shipping bill or bill of export with GSTIN and export invoice to the Nominated Agency within the further prescribed period; failing which the Nominated Agency must pay State Tax with interest on the unexported quantity.
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