exports under bond/lut

[satbir singhwahi]

For export under bond /lut , whether any bond or lut form is prescribed and where to submit it.

[Kishan Barai]

As an exporter you need to pay IGST first & then later you need to claim refund for it.

You will get 90% of refund in 6 days & rest 10% after scrutiny.

[satbir singhwahi]

my query is export under bond or lut . I dont want to pay first then take rebate.

[KASTURI SETHI]

Pl. go through website link

http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-circulars/cs-circulars-2017/circ26-2017cs.pdf

[Kishan Barai]

Thank You Very Much Sir for enriching my knowledge.

[satbir singhwahi]

Thks Sir for enriching us .

[Ramesh Kothari]

HV u file LUT/Bond if not contact

 

AI Summary

Export under bond or LUT allows export without IGST payment; otherwise exporter pays IGST and claims refund later. Exporters may avoid upfront IGST payment by furnishing a bond or Letter of Undertaking (LUT); absent a bond/LUT the exporter must pay IGST and claim refund, with a provisional disbursement followed by residual release after scrutiny. Relevant procedural guidance is available in customs/GST circulars and exporters should file the prescribed bond or LUT to use the export without payment mechanism.