Can LUT be used for the Export / SEZ sales prior to it applied

[KUMAR Narasimhan]

LUT is applied on 13th Mar 2021 for FY 2020 - 2021. Would the company is eligible to use this LUT for the Export and SEZ Sales prior to the apply of LUT fot the FY 20-21 (Means would it be eligible for the period April 2020 to 12th Mar 2021)

AI Summary

LUT for 2020-2021 Exports Must Be Executed Before Shipments; Delays May Be Excused with Supporting Documents Under CGST Rules 2017. A query was raised regarding the eligibility of using a Letter of Undertaking (LUT) for exports and SEZ sales before its application date for the fiscal year 2020-2021. The LUT was applied on March 13, 2021. According to responses, under CGST Rules 2017, a LUT must be furnished prior to export, and thus cannot cover exports made before its execution. Another contributor agreed but noted that delays might be condonable if supporting documents for actual exports exist. Additional legal judgments were suggested to support the case, emphasizing that procedural lapses should not deny substantial benefits.