TMI BlogIssues related to Bond/Letter of Undertaking (LUT) FOR Export without payment of Integrated Goods & Service Tax (IGST)X X X X Extracts X X X X X X X X Extracts X X X X ..... 10002 F. No.AC/Export Cell/W.208/2017-18/566-571 Dated: 10-10-2017 Circular Subiect:- Issues related to Bond/Letter of Undertaking (LUT) FOR Export without payment of Integrated Goods Service Tax (IGST). Ref : Notification No. 37/2017 Central Tax dated 04-10-2017, Circular No. 08-08-2017-GST dated 04-10-2017 issued by CBEC, Ministry of Finance, Govt. of India. In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2017 which extended the facility of export under LUT to status holder as specified in paragraph-5 of the Foreign Trade Poliey-2015-2020 and to persons receiving a minimum foreign inward remittance of 10% of the export turnover in the preceding financial year which was not less that Rs. one crore. Further where the registered person fails to pay the tax due along with interest, as specified und ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uarantee of 15% of the bond amount. 4. Clarification regarding running bond: The exporters shall furnish a running bond where the bond amount would cover the amount of sell-assessed estimated tax liability on the export. The exporter shall ensure that the outstanding Integrated tax liability on exports is within the bond amount. In case the bond amount is insufficient to cover the said liabil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... scrutiny of the documents, will issue the acceptance letter in the prescribed format with in three working days excluding the dated of receipt of application, if the documents are found in order. In view of above, a fresh list of documents to be submitted for acceptance of FORM GST RFD-11 with Letter of Undertaking (LUT) at Export Cell Window, 1st Floor, Vypar Bhawan, Deptt. of Trade Taxes, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Certificate Provisional/Permanent). 6 Copy of certificate of Importer-Exporter Code (IEC) issued by Ministry of Commerce, Govt. of India. 7 Export bill/invoice/Performa invoice. This issue with prior approval of the competent authority. (KAPIL SINGH) SPL. COMMISSIONER (KCS)/ Nodal Officer (Export Cell) - Circular - Trade Notice - Public Notice - Instructions - Office ord ..... X X X X Extracts X X X X X X X X Extracts X X X X
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