Letter of Undertaking allowed instead of bond for eligible exporters subject to foreign remittance and prosecution safeguards and execution requirements. Specification permits a Letter of Undertaking as an alternative to a bond for export without payment of integrated tax, limited to exporters who are recognised status holders under the foreign trade policy or who meet the prescribed foreign inward remittance condition and who have no qualifying prosecution history; the undertaking must be furnished in duplicate annually in the annexure to Form GST RFD-11 and executed on letterhead by specified authorised persons.
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 allowed instead of bond for eligible exporters subject to foreign remittance and prosecution safeguards and execution requirements.
Specification permits a Letter of Undertaking as an alternative to a bond for export without payment of integrated tax, limited to exporters who are recognised status holders under the foreign trade policy or who meet the prescribed foreign inward remittance condition and who have no qualifying prosecution history; the undertaking must be furnished in duplicate annually in the annexure to Form GST RFD-11 and executed on letterhead by specified authorised persons.
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