Value of e-stamp paper in Delhi for Bond

[Guest]

Dear Expert ,

Our firm is situated in Delhi and we want to execute a Bond amounting of ₹ 50 Lakhs for export of goods without payment of IGST.

My query is that ,what is the value of e-stamp paper in Delhi ? Please post a link if available .

Thanks in advance .....

[KASTURI SETHI]

Why are you interested in Bond and not in Letter of Undertaking (LUT) ? Regarding export Govt. has made liberal rules.

However, my wild guess is that value of stamp of ₹ 100-500 is being used by the assessees. This practice is in Chandigarh. I have no link site.

[Guest]

Sethi Sir,

We have decided for execution of Bond stead of LUT due to we not fulfill condition of Notification No.16/2017 Central Tax dated 07.07.2017. Para I (b) stated that who has received the due foreign inward remittance amounting to a minimum 10% of the export turnover, which should not be less than one crore rupees, in the preceding financial year.

Our 100 % export to Nepal and payment received in Indian rupees. Therefore, we are not eligible for LUT.

AI Summary

LUT eligibility: exporter unable to use LUT due to inward remittance condition and must execute a bond instead. Exporter requires e-stamp value for a bond to export without IGST; typical practitioner practice is to use low-denomination e-stamp paper (around the lower hundreds), though no authoritative link was provided. The exporter cannot execute a Letter of Undertaking because it does not meet the notification's foreign inward remittance and turnover eligibility criteria, receipts being in Indian currency; therefore the exporter intends to execute a bond and should verify exact stamp denomination with Delhi stamp authorities.