The Government of Bihar on July 26, 2023, issued a notification to amend notification no. 26/2018- State Tax (Rate), dated December 31, 2018, related to the exemption of tax on the supply of gold by nominated agencies to registered persons.
The following amendment has been stated:
• In the opening paragraph, for the phrase “paragraph 4.41”, the phrase “paragraph 4.40”, shall be substituted, in the Explanation, -
• For clause (a), the following clause shall be substituted, namely: —
“(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 March 31, 2023, published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-Section (ii) vide S.O. 1565 (E). dated March 31, 2023;”
• For clause (b), the following clause shall be substituted, namely: —
“(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 April 01, 2023, Extraordinary, Part-I, Section 1 vide F. No. 01/75/171/00016/AM-23/FTP Cell dated April 01, 2023;”
This notification shall come into force on July 27, 2023.
[Notification No. 10/2023- State Tax (Rate)]
