State tax exemption for gold supplied by nominated agencies to registered jewellery exporters, subject to export proof and conditions. The notification exempts intra State supply of gold by a Nominated Agency under the Export Against Supply scheme to registered jewellery exporters from the whole of the State Tax, subject to adherence to Foreign Trade Policy and Handbook procedures, timely export of jewellery and submission of shipping documentation containing GSTIN and export invoice within the prescribed period; failure to produce proof of export renders the Nominated Agency liable to pay central tax on unexported quantity 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.
State tax exemption for gold supplied by nominated agencies to registered jewellery exporters, subject to export proof and conditions.
The notification exempts intra State supply of gold by a Nominated Agency under the Export Against Supply scheme to registered jewellery exporters from the whole of the State Tax, subject to adherence to Foreign Trade Policy and Handbook procedures, timely export of jewellery and submission of shipping documentation containing GSTIN and export invoice within the prescribed period; failure to produce proof of export renders the Nominated Agency liable to pay central tax on unexported quantity with interest.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
