Export bond/Letter of Undertaking: facility extended to all registered persons for tax-free exports, subject to prosecution-linked exclusions and procedural safeguards. Facility to export under Letter of Undertaking (LUT) or bond is extended to all registered persons except those prosecuted for specified offences; LUTs are valid for the financial year but may be deemed withdrawn if statutory export time-limit obligations are not met until defaulted amounts are paid. Exporters may furnish downloaded FORM GST RFD-11 to the jurisdictional Deputy/Assistant Commissioner, LUTs/bonds must be processed within three working days or deemed accepted, bonds require accompanying bank guarantees, and running bonds must cover outstanding integrated tax liability with records maintained by the exporter.
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 bond/Letter of Undertaking: facility extended to all registered persons for tax-free exports, subject to prosecution-linked exclusions and procedural safeguards.
Facility to export under Letter of Undertaking (LUT) or bond is extended to all registered persons except those prosecuted for specified offences; LUTs are valid for the financial year but may be deemed withdrawn if statutory export time-limit obligations are not met until defaulted amounts are paid. Exporters may furnish downloaded FORM GST RFD-11 to the jurisdictional Deputy/Assistant Commissioner, LUTs/bonds must be processed within three working days or deemed accepted, bonds require accompanying bank guarantees, and running bonds must cover outstanding integrated tax liability with records maintained by the exporter.
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