Notification Summary: GST Exemption for Intra-State Gold Supply

Title and Scope: Exemption granted under section 11(1) of the CGST Act, 2017, for intra-state supply of gold falling under heading 7108 of the Customs Tariff Act, 1975.

Exemption Conditions: Applicable when supplied by a Nominated Agency under the "Export Against Supply by Nominated Agency" scheme. Recipient must adhere to Foreign Trade Policy and Handbook of Procedures conditions. Jewelry made from supplied gold must be exported within 90 days. Failure to provide export proof within 120 days leads to tax payment by the Nominated Agency.

Explanation: Definitions provided for "Foreign Trade Policy," "Handbook of Procedures," and "Nominated Agency." Effective Date: Effective from 1st January 2019. Issuing Authority: Central Government, based on Council recommendations.

Authorizing Officer: Signed by Gunjan Kumar Verma, Under Secretary to the Government of India. Publication Details: Published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-Section (i), vide number G.S.R. [To be inserted], dated 1st January 2019. (Dr. Sree Parvathy S.L.) Under Secretary to the Government of India