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Supersession of the Notification No. MGST-1017/C.R. 111/Taxation-1 [No. 16/2017-State Tax] dated the 11th July 2017 - Specifying condition and Safeguards for LUT in place of Bond for export. - 37/2017-State Tax - Maharashtra SGST
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Letter of Undertaking for export in place of bond; sets eligibility, execution formalities, and withdrawal on non-payment. Permits furnishing a Letter of Undertaking in lieu of a bond for exports without payment of integrated tax, available to all registered persons except those prosecuted for offences involving substantial tax evasion. The LUT must be submitted annually on letterhead in duplicate in the prescribed annexure and executed by an authorised senior official. Failure to pay tax with interest within the prescribed period withdraws the export-without-payment facility, which is restored upon payment; the same conditions apply to zero-rated supplies involving Special Economic Zone developers or units.
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 for export in place of bond; sets eligibility, execution formalities, and withdrawal on non-payment.
Permits furnishing a Letter of Undertaking in lieu of a bond for exports without payment of integrated tax, available to all registered persons except those prosecuted for offences involving substantial tax evasion. The LUT must be submitted annually on letterhead in duplicate in the prescribed annexure and executed by an authorised senior official. Failure to pay tax with interest within the prescribed period withdraws the export-without-payment facility, which is restored upon payment; the same conditions apply to zero-rated supplies involving Special Economic Zone developers or units.
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