invoice

[Akhilesh Chhaparwal]

dear sir,

for export under LUT the excise duty add in invoice or not?

[SANJEEV JADHAV]

Dear Akhilesh, duty is totally exempted for export. While preparing tax invoice under LUT do not add duty in tax invoice. Show duty nil by putting remark on tax invoice that "Export under undertaking UT-1 serial No. ............ dated .................. accepted by the Asst./Deputy Commissioner of Central Excise vide F.No. .................................. and LUT is valid upto.............".

But on A.R.E.-1 you have to show only duty amount for calculation purpose, but do not debit the duty amount.

AI Summary

Export under LUT requires excise duty not be added on tax invoices; show duty nil and include undertaking remark. Export under LUT requires that excise duty not be added to the tax invoice; show duty as nil on the tax invoice and include a remark identifying the UT-1 serial number, date, acceptance by the Central Excise officer, and LUT validity. On the A.R.E.-1 form show the duty amount for calculation purposes only, but do not debit the duty.