FinMin clarifies on IGST on Jewellery

Current context: The Finance Ministry has exempted jewellery and gems taken out from India for exhibition from IGST

• 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

Question: 

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