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Frequently Asked Questions on VAT

Last updated on 17 August, 2018


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Is the reverse charge mechanism applicable on the export of gold and diamonds?

No, the reverse charge mechanism is not applicable on any of the following:

  • Export of gold and diamonds.
  • Export of products where the principal component is gold or diamonds
  • Supply of investment precious metals (such as platinum and other metals that are >99% pure and tradable in global markets)
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