Letter of Undertaking eligibility permits qualifying exporters to use LUTs in place of bonds for zero rated exports under conditions. Export compliance requires fresh Bond or Letter of Undertaking formats after the transitional period; the Board has specified conditions allowing a Letter of Undertaking in lieu of a bond where the exporter is a prescribed status holder or has received required foreign inward remittances and is free of specified prosecutions. Manufacturers supplying to merchant-exporters remain liable for CGST/SGST while merchant-exporters may export under bond/LUT or pay IGST; jurisdictional deputy/assistant commissioners may accept bonds/LUTs for exporters.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Letter of Undertaking eligibility permits qualifying exporters to use LUTs in place of bonds for zero rated exports under conditions.
Export compliance requires fresh Bond or Letter of Undertaking formats after the transitional period; the Board has specified conditions allowing a Letter of Undertaking in lieu of a bond where the exporter is a prescribed status holder or has received required foreign inward remittances and is free of specified prosecutions. Manufacturers supplying to merchant-exporters remain liable for CGST/SGST while merchant-exporters may export under bond/LUT or pay IGST; jurisdictional deputy/assistant commissioners may accept bonds/LUTs for exporters.
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