TaxTMI 
TaxTMI 
Dear Sir,
One of our unit received order from SEZ. Please confirm whether UT-1 bond is required to clear the goods without payment of duty to SEZ. We do do not have any other orders of export than SEZ at present.
UT-1 BOND REGARDING.
25 May 2016 
3 Replies 
3056 Views Asked by
Letter of Undertaking required for duty-free clearance to SEZ; exporter must furnish proof of export within prescribed period.
A Letter of Undertaking (UT-1), functioning in lieu of a bond, is required to clear goods to a SEZ without payment of duty; clearance is treated as export and is conditional on furnishing proof of export within the prescribed period after clearance to validate duty-free treatment. (AI Summary)
A Letter of Undertaking (UT-1), functioning in lieu of a bond, is required to clear goods to a SEZ without payment of duty; clearance is treated as export and is conditional on furnishing proof of export within the prescribed period after clearance to validate duty-free treatment. (AI Summary)