Notification: Exemption for Inter-State Supply of Gold

Objective: Exempts inter-state gold supply by Nominated Agency for "Export Against Supply" scheme. Scope: Applies to gold falling under heading 7108 of Customs Tariff Act, 1975.

Conditions: Comply with Foreign Trade Policy and Handbook of Procedures. Recipient must export jewelry made from gold within 90 days. Provide shipping bill details within 120 days to Nominated Agency.

Penalty: Nominated Agency pays integrated tax with interest if export proof not provided within stipulated time. Definitions: Clarifies terms like "Foreign Trade Policy" and "Nominated Agency".

Effective Date: Commences on 1st January 2019. Issued By: Gunjan Kumar Verma, Under Secretary to the Government of India.