Bond or Letter of Undertaking for export without integrated tax allows tax-free exports subject to bank guarantee, renewal and invocation. Furnishing a bond or Letter of Undertaking permits export without payment of integrated tax subject to submission of bond or bank guarantee details and ... Summary
Bond or Letter of Undertaking for export without integrated tax allows tax-free exports subject to bank guarantee, renewal and invocation.
Furnishing a bond or Letter of Undertaking permits export without payment of integrated tax subject to submission of bond or bank guarantee details and hard copy to the jurisdictional officer, an undertaking to renew the guarantee before expiry, and the department's right to invoke the bank guarantee to recover integrated tax payable on exports.
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