In exercise of the powers conferred by sub-section (1) of section 11 of the Himachal Pradesh Goods and Services Tax Act, 2017 (10 of 2017), the Governor of Himachal Pradesh, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council hereby exempts the intra-State supply of gold/silver/platinum falling in Chapter 71 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when supplied by Nominated Agency under the scheme for "Export Against Supply by Nominated Agency" as referred to in paragraph 4.40 of the Foreign Trade Policy, read with relevant provisions of Chapter 4 of Handbook of Procedures, Volume-l, to registered exporter of jewellery ( herein referred to as "recipient"), from the whole of the State Tax leviable thereon, under section 9 of the Himachal Pradesh Goods and Services Tax Act, 2017, subject to following conditions, namely:-

(i) the Nominated Agency and the recipient shall follow the conditions and subject observe the proceduresas prescribed in the Foreign Trade Policy read with Handbook of Procedures, Volume-l.

(ii) the recipient shall export the jewellery made out of such gold/silver/platinum within a period of 90 (ninety) days from the date of supply of gold/silver/platinum to such recipient and shall provide copy of shipping bill or bill of export containing details of Goods and Services Tax Identification Number (GSTIN) alongwiththe invoice for exportsto the Nominated Agency within a period of 120 (one hundred and twenty) days from the date of supply by the Nominated Agency

(iii) wherever such proof of export is not produced within the period mentioned in clause (ii), the Nominated Agency shall pay the amount of State Tax payable on the quantity of gold/silver/platinum not exported,along with interest from the date when tax on such supply was payable, but for the exemption.

Explanation. -for the purpose of this notification,-

(a) "Foreign Trade Policy" means the Foreign Trade Policy, 2023, notified by the Government of India in the Ministry of Commerce and Industry vide notification No. 1/2023 dated the 31st March, 2023, published in the Gazette of India, Extraordinary, Part-II, Section 3, sub-section (ii) vide S. O. 1565 (E) dated the 31st March, 2023;

(b) "Handbook of Procedures" means the Handbook of Procedure, notified by the Government of India in the Ministry of Commerce and Industry vide Public Notice No. 01/2023 dated the 1st April, 2023, Extraordinary, Part-I, Section 1 vide F. No. 01/75/171/00016/AM-23/FTP Cell dated the 1st April, 2023;

(c) "Nominated Agency" means entities mentioned in List 32 of Notification No. 50/2017-Customs dated 30th June 2017;

(d) "Chapter" means heading as specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975).

2. This notification shall come into force on the 1st January, 2019.

By Order

(JAGDISH CHANDER SHARMA),

Principal Secretary (E&T) to the

Government of Himachal Pradesh