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<h1>Export Goods Tax-Free with LUT: Commit to Rule 96A Timeline or Face 18% Interest on Integrated Tax.</h1> A Letter of Undertaking (LUT) is submitted by a registered entity, referred to as the undertaker, to the President of India through the proper officer, for exporting goods or services without paying integrated tax. The undertaker commits to exporting within the timeline specified in rule 96A, adhering to GST Act provisions, and paying integrated tax with 18% annual interest if the export fails. The document requires signatures from the undertaker and witnesses, and is accepted by an authorized officer on behalf of the President.