Jewellery exporters welcome govt move to exempt gold import from IGST

We are also expecting a similar relief to the exporters of articles of silver and platinum very soon, said Pramod Kumar Agrawal, chairman of Gem & Jewellery Export Promotion Council

Jewellery exporters have welcomed the government's decision to exempt 3 per cent of integrated goods and services tax (IGST) on gold sourced from nominated agencies, effective January 1.

“We commend the government’s decision on 3 per cent IGST exemption on gold sourced from nominated agencies,” said Pramod Kumar Agrawal, chairman of Gem & Jewellery Export Promotion Council. The GST Council felt the need to exempt intra-state supply of gold by nominated agencies, in public interest under the scheme for ‘export against supply by nominated agency’. 

“We are also expecting a similar relief to the exporters of articles of silver and platinum very