https://www.taxtmi.com/caselaws?id=437940 Melting second-hand gold jewellery into lumps or irregular shapes changes the nature of the goods, so Rule 32(5) of the CGST Rules does not permit margin-based valuation for that supply. The ruling states that the second-hand goods concession applies only where the supplier deals in buying and selling such goods and the processing is merely minor, without altering their character. It also clarifies classification: old gold jewellery remains jewellery under HSN 7113, while gold after melting into lumps or irregular shapes falls under HSN 7108. The applicable tariff heading therefore depends on the form of the goods at the time of supply. en-us Mon, 15 May 2023 00:00:00 +0530 Wed, 16 Apr 2025 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437940 Melting second-hand gold jewellery into lumps or irregular shapes changes the nature of the goods, so Rule 32(5) of the CGST Rules does not permit margin-based valuation for that supply. The ruling states that the second-hand goods concession applies only where the supplier deals in buying and selling such goods and the processing is merely minor, without altering their character. It also clarifies classification: old gold jewellery remains jewellery under HSN 7113, while gold after melting into lumps or irregular shapes falls under HSN 7108. The applicable tariff heading therefore depends on the form of the goods at the time of supply. Case-Laws GST Mon, 15 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437940