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<h1>Letter of Undertaking allowed in place of bond for exporters, eliminating bank guarantee requirement to ease cash blockage.</h1> Provision permitting exporters to furnish a Letter of Undertaking in lieu of a bond for exports of goods and/or services under GST, with no bank guarantee requirement, is announced to address difficulties faced by small exporters in obtaining guarantees; a formal notification will be issued and further measures are under consideration.