Export bonds for IGST-free shipments: running bonds and limited bank guarantees streamline exporter compliance. Export consignments without integrated tax require a bond or Letter of Undertaking in FORM GST RFD-11; exporters not eligible under the notification must furnish a bond on applicable non-judicial stamp paper. Bonds may be running bonds covering estimated tax liability and must be topped up if insufficient. A bank guarantee may be required at the Commissioner's discretion but should normally not exceed 15% of the bond. LUTs are valid for twelve months and bonds/LUTs are to be accepted by the Deputy/Assistant Commissioner having jurisdiction over the exporter's principal place of business.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export bonds for IGST-free shipments: running bonds and limited bank guarantees streamline exporter compliance.
Export consignments without integrated tax require a bond or Letter of Undertaking in FORM GST RFD-11; exporters not eligible under the notification must furnish a bond on applicable non-judicial stamp paper. Bonds may be running bonds covering estimated tax liability and must be topped up if insufficient. A bank guarantee may be required at the Commissioner's discretion but should normally not exceed 15% of the bond. LUTs are valid for twelve months and bonds/LUTs are to be accepted by the Deputy/Assistant Commissioner having jurisdiction over the exporter's principal place of business.
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