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Issues related to Bond/Letter of Undertaking (LUT) FOR Export without payment of Integrated Goods & Service Tax (IGST)

GST - States - F. No.AC/Export Cell/W.208/2017-18/566-571 - Dated:- 10-10-2017 - Office of the Special Commissioner (GST) Export/KCS Branch, Department of Trade & Taxes Govt. of NCT of Delhi 8th Floor, Vyapar Bhawan, I.P. Estate, New Delhi-110002 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 da .....

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ertaking in place of a bond EXCEPT those who have been prosecuted for any offence under the Central Goods and Services Tax Act, 2017 (12 of 2017) or Delhi GST Act, 2017 or the integrated Goods and Services Tax Act, 2017 (13 of 2017) or any of the existing laws in force in a case where the amount of raw evaded exceeds two hundred and Fifty lakh rupees, unlike Notification No. 16/2017-Central Tax dated 7th July, 2017 which extended the facility of export under LUT to status holder as specified in .....

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of integrated tax will be deemed to have been withdrawn and if the amount mentioned in the said sub-rule is paid, the facility of export without payment of Integrated tax shall be restored. 2. Validity of LUT: The LUT shall be valid for the whole financial year in which it is tendered. 3. Bank Guarantee: Since the facility of export under LUT has been extended to all registered persons, bond will be required to be furnished by those persons who have been prosecuted for cases involving an amount .....

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n yet to be completed exports, the exporter shall furnish a fresh bond to cover such liability. The onus of maintaining the debit/credit entries of integrated tax in the running bond will lie with the exporter. The record of such entries shall be furnished to the state tax officer as and when required 5. The FORM GST RFD-11 will be required to be submitted on the common portal but the functionality has not been made operational as yet. Therefore, the Bond/Letter of Undertaking required to be fur .....

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