Export Bond/LUT requirements: exporters must furnish running bonds or LUTs and security as required, subject to jurisdictional acceptance. Exports without payment of integrated tax require a bond or a Letter of Undertaking in FORM GST RFD-11 under rule 96A; non-notified exporters must furnish a bond on stamp paper while eligible exporters may furnish an LUT. Bonds may be maintained as running bonds covering estimated tax liability and topped up when insufficient. Jurisdictional Commissioners decide bank guarantee requirements based on exporter track record, and acceptance of bonds/LUTs is by the Deputy/Assistant Commissioner for the exporter's principal place of business, with temporary acceptance flexibility between Central and State tax authorities.
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/LUT requirements: exporters must furnish running bonds or LUTs and security as required, subject to jurisdictional acceptance.
Exports without payment of integrated tax require a bond or a Letter of Undertaking in FORM GST RFD-11 under rule 96A; non-notified exporters must furnish a bond on stamp paper while eligible exporters may furnish an LUT. Bonds may be maintained as running bonds covering estimated tax liability and topped up when insufficient. Jurisdictional Commissioners decide bank guarantee requirements based on exporter track record, and acceptance of bonds/LUTs is by the Deputy/Assistant Commissioner for the exporter's principal place of business, with temporary acceptance flexibility between Central and State tax authorities.
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