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of <h1>Exporters: Submit Bonds or LUT for Tax-Free Exports per Rule 96A, CGST. Running Bonds Preferred for Less Compliance.</h1> The circular addresses issues related to the submission of bonds or Letters of Undertaking (LUT) for exporting goods and services without paying integrated tax. Under Rule 96A of the CGST Rules, exporters must furnish a bond or LUT in FORM GST RFD-11. Eligible exporters can use LUTs, while others must submit bonds on non-judicial stamp paper. A running bond is preferred over consignment-wise bonds to reduce compliance burdens. The jurisdictional Commissioner decides the bank guarantee amount, which should not exceed 15% of the bond amount. LUTs are valid for 12 months, and exporters must comply with conditions or switch to bonds. The circular applies to exports from July 1, 2017.
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