Letter of Undertaking eligibility for tax-free exports allows qualifying exporters to substitute a bond subject to remittance and prosecution conditions. A registered person may furnish a Letter of Undertaking instead of a bond for export without payment of integrated tax if they are a status holder under the Foreign Trade Policy or meet the prescribed foreign inward remittance condition for the preceding financial year and have not been prosecuted for relevant tax-evasion offences above a specified threshold. The Letter of Undertaking, furnished in duplicate for the financial year in the annexure to FORM GST RFD-11, must be executed on the registered person's letterhead by an authorized senior officer or proprietor.
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 tax-free exports allows qualifying exporters to substitute a bond subject to remittance and prosecution conditions.
A registered person may furnish a Letter of Undertaking instead of a bond for export without payment of integrated tax if they are a status holder under the Foreign Trade Policy or meet the prescribed foreign inward remittance condition for the preceding financial year and have not been prosecuted for relevant tax-evasion offences above a specified threshold. The Letter of Undertaking, furnished in duplicate for the financial year in the annexure to FORM GST RFD-11, must be executed on the registered person's letterhead by an authorized senior officer or proprietor.
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