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of <h1>Circular Expands Online Submission of Bonds and LUTs for Tax-Free Exports; No Physical Documents Needed, Aligns with RBI Guidelines.</h1> The circular addresses issues related to the submission of Bonds or Letters of Undertaking (LUT) for exporting goods or services without paying integrated tax. It extends the LUT facility to all exporters under certain conditions, superseding previous notifications. Exporters must now submit FORM GST RFD-11 online, and no physical documents are required for LUT acceptance. The circular clarifies eligibility, validity, and procedural aspects of LUTs, including bank guarantees and running bonds. It also addresses the handling of transactions with Export Oriented Units (EOUs) and the realization of export proceeds in Indian Rupees, aligning with RBI guidelines.
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