IGST Exemption on import of Gold Compound - UAE CEPA ASEAN agreement, Goods and Services Tax - GST

[Bhavesh Suthar]

We are a bullion trader. We are planning to import Gold compound (HSN 28433000) from Dubai/ Indonesia. Under the UAECEPA/ ASEAN agreements, .

1) What are the compliances/ statutory requirements to carry out these imports.

2) After importing, we plan to extract the gold from the compound and sell it in the domestic market. Are there any consequences of doing so.

3) What are the conditions to be fulfilled to claim IGST Refund (Inverted duty structure) and roadblocks if any.