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export under LUT

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..... Sir, LUT submission online for FY 2018-19 successfully completed and got ARN Can we export based on ARN in lieu of LUT acceptance letter from DC/AC GST? Customs insist LUT acceptance letter from DC/AC in writing and not willing to allow exports based on ARN Kindly advice Raghu nandhaanan - Reply By KASTURI SETHI - The Reply = LUT must be accepted by the Jurisdictional A.C./ DC before expor .....

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..... t. - Reply By SHIVKUMAR SHARMA - The Reply = Please refer Issue ID 113546. - Reply By YAGAY AND SUN - The Reply = On the basis of ARN you can export out of country. - Reply By YAGAY AND SUN - The Reply = LUT shall be deemed to be accepted on Generation of ARN, No Documents required to be physically submitted to Jurisdictional Office: CBIC In a recent circular issued by the Central Boa .....

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..... rd of Indirect Taxes and Customs (CBIC), the board made clarifications on issues related to the furnishing of Bond / Letter of Undertaking ( LUT ) for exports. The circular clarified that a Letter of Undertaking (LUT) shall be deemed to be accepted as soon as an acknowledgement bearing the Application Reference Number, is generated online. It further clarified that no documents are required to be .....

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..... physically submitted to the jurisdictional office for acceptance of LUT. The Circular also stated that if an exporter s LUT has been accepted and later if it was discovered that the exporter was ineligible to furnish a LUT in place of a bond, then the LUT will be liable for rejection and such LUT shall be deemed to have been rejected from the very beginning. The Circular was issued upon receivi .....

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..... ng various queries from the field formations and exporters regarding a technical glitch that the LUTs submitted via online in FORM GST RFD-11 on the common portal were not visible to the jurisdictional officers of the Central Board of Indirect Taxes and Customs (CBIC) and of a few states. - Reply By Kishan Barai - The Reply = Yea, ARN will work - export under LUT - Query Started By: - ragh .....

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..... unandhaanan r vi Dated:- 3-4-2018 Customs - Import - Export - Customs - SEZ - Got 5 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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