Tax exemption on intra State gold supplies to registered recipients conditional on export within prescribed timelines and proof submission. State tax is exempted on intra State supply of gold by a Nominated Agency to a registered recipient under the Export Against Supply scheme, provided the parties comply with the Foreign Trade Policy and Handbook of Procedures, the recipient exports jewellery made from such gold within 90 days and furnishes shipping bill/bill of export with GSTIN and export invoice within 120 days; failure to produce export proof obliges the Nominated Agency to pay central 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 intra State gold supplies to registered recipients conditional on export within prescribed timelines and proof submission.
State tax is exempted on intra State supply of gold by a Nominated Agency to a registered recipient under the Export Against Supply scheme, provided the parties comply with the Foreign Trade Policy and Handbook of Procedures, the recipient exports jewellery made from such gold within 90 days and furnishes shipping bill/bill of export with GSTIN and export invoice within 120 days; failure to produce export proof obliges the Nominated Agency to pay central tax on unexported gold with interest.
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