Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports

Export under Letter of Undertaking permitted for registered persons, subject to prescribed validity, bond and bank guarantee safeguards.

All registered persons may export goods or services without payment of integrated tax by furnishing a Letter of Undertaking (LUT), except those prosecuted in high-value tax-evasion cases. LUTs are valid for the financial year but can be withdrawn if exports are not completed within prescribed time and unpaid tax is not settled; payment restores the facility. Until electronic FORM GST RFD-11 is available, exporters must submit a physical FORM GST RFD-11 or LUT to the jurisdictional Deputy/Assistant Commissioner; bonds where required must be on stamp paper and accompanied by a bank guarantee. Self-declarations suffice for initial acceptance, which must occur within three working days or be deemed accepted.