Issues related to Bond/ Letter of Undertaking for export without payment of integrated tax

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..... CENTRAL REVENUE BUILDING I.S. PRESS ROAD, KOCHI-682 018 C.No.1V/16/09/2017-Tech Date: 21.08.2017 TRADE FACILITY NO. 12/2017 - central excise Subject: -Issues related to Bond/ Letter of Undertaking for export without payment of integrated tax Reg. Ref: - F. No. 349/82/2017-GST Kind attention is inv .....

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..... ed tax is required to furnish a bond or a Letter of Undertaking (LUT) in FORM GST RFD-11. 4. Attention is invited to notification No. 16/2017 -Central Tax dated 01-07-2017 vide which the category of exporters who are eligible to export under LUT has been specified along with the conditions and safeguards. All exporters, not covered by the said notification, would submit bond. The pro .....

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..... exporter himself. The exporter shall ensure that the outstanding tax liability on exports IS within the bond amount. In case the bond amount is insufficient to cover the tax liability in yet to be completed exports, the exporter shall furnish a fresh bond to cover such liability. 6. FORM RFD-11 under Rule 96A of the CGST Rules requires furnishing a bank guarantee with bond. Field fo .....

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..... t July, 2017. 8. It is further stated that the Bond/ LUT shall be accepted by the jurisdictional Deputy/ Assistant Commissioner having jurisdiction over the principal place of business of the exporter. The exporter is at liberty to furnish the bond/ LUT before Central Tax Authority or State Tax Authority till the administrative mechanism for assigning of tax payers to respective auth .....

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..... g report would be forwarded to the Deputy/ Assistant Commissioner having jurisdiction over the principal place of business. 10. These instructions shall apply to exports on or after 1st July, 2017. All the Trade Associations are requested to bring the contents of this Trade Notice to the attention of their members in particular and the trade in general. (P .....

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