Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Importers of Restricted Items Must Provide LUT or Bank Guarantee for Re-Export Authorization, Per DGFT Circular.</h1> The Directorate General of Foreign Trade has issued a circular requiring importers of restricted items on a re-export basis to provide a Letter of Undertaking (LUT) or a Bank Guarantee (BG) when obtaining import authorization. Status holders and manufacturers with a turnover of 5 crore or more must execute a LUT for the full import value. Other importers must provide a LUT for the full import value and a BG of 1 lakh rupees. The LUT/BG must cover the re-export period plus six months and will be redeemed upon submission of re-export documentation. This directive is approved by the Competent Authority.
TaxTMI 
TaxTMI 
