TaxTMI 
TaxTMI 
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)
Can LUT be used for the Export / SEZ sales prior to it applied
16 May 2021 
5 Replies 
2761 Views Asked by
Letter of Undertaking must be furnished before export; late execution generally won't cover earlier exports, though condonation may apply.
A registered person must furnish a bond or a Letter of Undertaking prior to export to supply goods or services without payment of integrated tax; an LUT executed later will not cover exports made before its execution, and the same requirement applies mutatis mutandis to zero-rated supplies to SEZ developers or units. Delay may be condonable where departmental circulars, supporting export documentation, and judicial precedent on procedural lapses are relevant. (AI Summary)
A registered person must furnish a bond or a Letter of Undertaking prior to export to supply goods or services without payment of integrated tax; an LUT executed later will not cover exports made before its execution, and the same requirement applies mutatis mutandis to zero-rated supplies to SEZ developers or units. Delay may be condonable where departmental circulars, supporting export documentation, and judicial precedent on procedural lapses are relevant. (AI Summary)