Validity of Letter of Undertaking (LUT)

[Venukumar HJ]

Dear All,

Please clarify me.

We are having letter of undertaking valid up to 30th June 2018. I read some where 2017-18 LUT is valid up to 31st March, 2018. for the year 2018-19, we have to apply for new LUT in April 2018 itself, still our old LUT valid till 30th June 2018.

Thanks,

Regards,

Venu

AI Summary

Letter of Undertaking validity affirmed: ARN generation deems acceptance and allows exports, subject to eligibility review.
A Letter of Undertaking (LUT) is valid for one financial year and it is advisable to apply afresh annually. An online LUT is deemed accepted when an Application Reference Number (ARN) is generated and requires no physical submission to the jurisdictional office. If later discovered that the filer was ineligible, the LUT will be treated as rejected ab initio. Exports may proceed on the basis of the ARN even if the portal does not display a validity date, with grievance procedures available for portal issues.