https://www.taxtmi.com/forum/issue?id=112470 Export under GST requires either a bond with a bank guarantee or an eligible Letter of Undertaking (LUT). Banks commonly demand full exposure despite references to a 15% bank guarantee. An LUT, when furnished, removes the need for a bank guarantee. LUT eligibility is confined to status holders or exporters with foreign inward remittances of at least ten percent of export turnover (minimum threshold in preceding year) and no prosecution for serious tax offences. The LUT must be submitted in duplicate in the annexure to FORM GST RFD-11 and executed by an authorised signatory on the exporter's letterhead. en-us Sat, 29 Jul 2017 12:48:05 +0530 Thu, 23 Jan 2025 15:55:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112470 Export under GST requires either a bond with a bank guarantee or an eligible Letter of Undertaking (LUT). Banks commonly demand full exposure despite references to a 15% bank guarantee. An LUT, when furnished, removes the need for a bank guarantee. LUT eligibility is confined to status holders or exporters with foreign inward remittances of at least ten percent of export turnover (minimum threshold in preceding year) and no prosecution for serious tax offences. The LUT must be submitted in duplicate in the annexure to FORM GST RFD-11 and executed by an authorised signatory on the exporter's letterhead. Discussion-Forum GST Sat, 29 Jul 2017 12:48:05 +0530 https://www.taxtmi.com/forum/issue?id=112470