Letter of Undertaking permits export without integrated tax subject to eligibility, execution and withdrawal conditions. Specification permitting a registered person to furnish a Letter of Undertaking in place of a bond for export without payment of integrated tax, except where the person has been prosecuted for serious tax offences; the Letter of Undertaking must be on letterhead in duplicate for the financial year and executed by an authorised officer. Non-payment of tax with interest within the prescribed period leads to deemed withdrawal of the export-without-payment facility, which is restored upon payment. The provisions apply mutatis mutandis to zero-rated supplies to or by SEZ 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 permits export without integrated tax subject to eligibility, execution and withdrawal conditions.
Specification permitting a registered person to furnish a Letter of Undertaking in place of a bond for export without payment of integrated tax, except where the person has been prosecuted for serious tax offences; the Letter of Undertaking must be on letterhead in duplicate for the financial year and executed by an authorised officer. Non-payment of tax with interest within the prescribed period leads to deemed withdrawal of the export-without-payment facility, which is restored upon payment. The provisions apply mutatis mutandis to zero-rated supplies to or by SEZ developers or units.
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