Letter of Undertaking permitted instead of bond for export without integrated tax, subject to eligibility and suspension for default. Letter of Undertaking may be furnished instead of a bond for export without payment of integrated tax, except by persons prosecuted for offences where tax evaded exceeds two hundred and fifty lakh rupees. The LOU must be on the registrant's letterhead, in duplicate, for the financial year in the annexure to FORM GST RFD 11 and executed by an authorised signatory. The LOU ceases to be valid if the registrant fails to pay tax and interest within the periods specified under sub rule (1) of rule 96A; validity resumes once tax and interest are paid. 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 permitted instead of bond for export without integrated tax, subject to eligibility and suspension for default.
Letter of Undertaking may be furnished instead of a bond for export without payment of integrated tax, except by persons prosecuted for offences where tax evaded exceeds two hundred and fifty lakh rupees. The LOU must be on the registrant's letterhead, in duplicate, for the financial year in the annexure to FORM GST RFD 11 and executed by an authorised signatory. The LOU ceases to be valid if the registrant fails to pay tax and interest within the periods specified under sub rule (1) of rule 96A; validity resumes once tax and interest are paid. The provisions apply mutatis mutandis to zero rated supplies to or by SEZ developers or units.
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