https://www.taxtmi.com/circulars?id=56077 Clarifies that LUT eligibility requires specified foreign inward remittance thresholds in the preceding year, with status holders exempt; only actual exporters may claim zero rating under LUT or by payment of IGST and CT 1 has no relevance under GST. LUTs must be on letterhead, accepted by the jurisdictional Deputy/Assistant Commissioner, and processed within three working days of complete submission. Self-declarations and proof of status shall be accepted unless contradicted and may be verified post facto. Bank guarantees are normally capped but may be waived by the Commissioner in appropriate cases. en-us Thu, 17 Aug 2017 00:00:00 +0530 Thu, 31 Aug 2017 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56077 Clarifies that LUT eligibility requires specified foreign inward remittance thresholds in the preceding year, with status holders exempt; only actual exporters may claim zero rating under LUT or by payment of IGST and CT 1 has no relevance under GST. LUTs must be on letterhead, accepted by the jurisdictional Deputy/Assistant Commissioner, and processed within three working days of complete submission. Self-declarations and proof of status shall be accepted unless contradicted and may be verified post facto. Bank guarantees are normally capped but may be waived by the Commissioner in appropriate cases. Circulars Customs Thu, 17 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56077