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FinMin clarifies on IGST on Jewellery

Published on July 23, 2019
Current context: The Finance Ministry has exempted jewellery and gems taken out from India for exhibition from IGST
FinMin clarifies on IGST on Jewellery
  • Till now, IGST was levied on gem and jewellery taken out of India for exhibition or consignment purpose and was considered as reimport when bought back into the country
  • To correct the anomaly, several representations were made by the Gem and Jewellery Export Promotion Council and the industry
  • On the demand of the council, the finance ministry announced not to levy IGST on gem and jewellery taken out of the country for exhibition purpose

About IGST:

  • IGST means Integrated Goods and Service Tax, one of the three categories under GST (CGST, IGST, and SGST) for Inter-State supply of goods & services
  • IGST has provisions under Integrated Goods and Service Tax Act 2016
  • IGST is charged on goods and services moved from one state to another
  • Under the IGST model, the centre levy tax at a rate approximately equal to CGST+SGST
  • It is a destination-based tax and will accrue to the importing state


Q.1 Finance Ministry has exempted which goods among the following from IGST when taken out from India for exhibition and bought back?
a. God/Goddess monuments
b. Inscriptions
c. Gem and Jewellery
d. Geographical Indication (GI) Products
e. c and d

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