Export under LUT now permitted without Bank Guarantee; exporters must obtain LUT acceptance and return original bond. The department will return Bank Guarantees submitted by exporters to the issuing bank only after the registered person obtains a letter of acceptance of LUT under the 04.10.2017 notification and surrenders the original letter of acceptance of Bond to the Department; Export Cell/KCS ward in charges are directed to initiate the necessary action and provide intimation to the registered person.
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 under LUT now permitted without Bank Guarantee; exporters must obtain LUT acceptance and return original bond.
The department will return Bank Guarantees submitted by exporters to the issuing bank only after the registered person obtains a letter of acceptance of LUT under the 04.10.2017 notification and surrenders the original letter of acceptance of Bond to the Department; Export Cell/KCS ward in charges are directed to initiate the necessary action and provide intimation to the registered person.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
