GST amendments: refunds under bond/LUT, inspection, seizure, recovery, attachment and compounding procedures with prescribed forms. A new rule 96A requires registered persons exporting under bond or a Letter of Undertaking (FORM GST RFD 11) to furnish security and meet specified export or payment timelines; export invoice data must be electronically shared with Customs for confirmation and failure to export or to pay tax and interest within prescribed periods leads to withdrawal of bond/LUT privileges and recovery under the Act. The Rules also prescribe detailed procedures and forms for inspection, seizure, provisional release on bond/bank guarantee, demands and varied recovery mechanisms including deduction, auction, attachment, sale, restoration, and compounding of offences.
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.
GST amendments: refunds under bond/LUT, inspection, seizure, recovery, attachment and compounding procedures with prescribed forms.
A new rule 96A requires registered persons exporting under bond or a Letter of Undertaking (FORM GST RFD 11) to furnish security and meet specified export or payment timelines; export invoice data must be electronically shared with Customs for confirmation and failure to export or to pay tax and interest within prescribed periods leads to withdrawal of bond/LUT privileges and recovery under the Act. The Rules also prescribe detailed procedures and forms for inspection, seizure, provisional release on bond/bank guarantee, demands and varied recovery mechanisms including deduction, auction, attachment, sale, restoration, and compounding of offences.
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