https://www.taxtmi.com/circulars?id=11921 The amendment requires that Bank Guarantees and Legal Agreements (LUT) be executed on non judicial stamp paper for amounts prescribed under the applicable State Stamp Act or the Indian Stamp Act. It clarifies that Bank Guarantees must be executed by the surety bank (guarantor) and LUTs by the exporter or importer, and deletes the "BG/" prefix in specified guidance notes so only "LUT" remains. en-us Mon, 12 Nov 2012 00:00:00 +0530 Fri, 16 Nov 2012 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11921 The amendment requires that Bank Guarantees and Legal Agreements (LUT) be executed on non judicial stamp paper for amounts prescribed under the applicable State Stamp Act or the Indian Stamp Act. It clarifies that Bank Guarantees must be executed by the surety bank (guarantor) and LUTs by the exporter or importer, and deletes the "BG/" prefix in specified guidance notes so only "LUT" remains. Circulars DGFT Mon, 12 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11921