Letter of Undertaking eligibility for export without IGST, subject to prescribed foreign remittance threshold and prosecution safeguards. Conditions permit a registered person to furnish a Letter of Undertaking instead of a bond for export without payment of integrated tax under rule 96A(5). Eligibility is limited to status holders under the Foreign Trade Policy or persons meeting the prescribed foreign inward remittance threshold relative to export turnover in the preceding financial year, provided there is no prosecution for offences involving tax evasion beyond the specified safeguard. The LUT must be furnished in duplicate in the annexure to FORM GST RFD 11 and executed by designated authorised signatories on the registered person's letterhead.
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 for export without IGST, subject to prescribed foreign remittance threshold and prosecution safeguards.
Conditions permit a registered person to furnish a Letter of Undertaking instead of a bond for export without payment of integrated tax under rule 96A(5). Eligibility is limited to status holders under the Foreign Trade Policy or persons meeting the prescribed foreign inward remittance threshold relative to export turnover in the preceding financial year, provided there is no prosecution for offences involving tax evasion beyond the specified safeguard. The LUT must be furnished in duplicate in the annexure to FORM GST RFD 11 and executed by designated authorised signatories on the registered person's letterhead.
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