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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Export Goods Without Integrated Tax: Use Bond or LUT in FORM GST RFD-11 per Trade Notice No. 12/2017-18.</h1> Trade Notice No. 12/2017-18, issued by the Office of the Principal Commissioner, addresses the requirements for exporting goods or services without paying integrated tax under the Central Goods and Services Tax Rules, 2017. Exporters must furnish a bond or Letter of Undertaking (LUT) in FORM GST RFD-11. The notice clarifies that a running bond is preferred over a consignment-wise bond to reduce compliance burdens. The jurisdictional Commissioner will decide the bank guarantee amount, typically not exceeding 15% of the bond. LUTs are valid for 12 months, and existing bonds/LUTs are valid until July 31, 2017. Exporters can submit bonds/LUTs to either Central or State Tax Authorities.