What is the procedure to send instrument (Finished Goods) as demo, free of cost for export under LUT ?
Export Under excise
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Exporting Finished Goods as Demo Under LUT: Steps, Documentation, and Compliance with Central Excise Requirements A forum discussion addressed the procedure for exporting finished goods as a demo, free of cost, under a Letter of Undertaking (LUT) in the context of Central Excise. An initial query was made about the process, and responses outlined necessary steps including obtaining a GR Waiver form from banks, preparing invoices and packing lists, and securing a certificate from a Chartered Accountant. The process also involves paying Central Excise Duty, reversing Input Tax Credit, and adhering to specific documentation requirements. If the goods are to be returned, they must be brought back within three months, with additional documentation if destroyed during use. (AI Summary)