https://www.taxtmi.com/circulars?id=56096 Eligibility for furnishing a Letter of Undertaking (LUT) is extended to all registered suppliers meeting prescribed foreign inward remittance thresholds or qualifying as status holders. LUTs are submitted on letterhead with authorised signature, processed on priority and accepted within three working days when complete. Purchases by merchant exporters from manufacturers are taxable under GST; supplies to EOUs are taxable while EOUs obtain zero rating only for exports. Documents and self-declarations proving LUT eligibility will be accepted absent contrary evidence, subject to post-facto verification. en-us Mon, 14 Aug 2017 00:00:00 +0530 Sat, 02 Sep 2017 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56096 Eligibility for furnishing a Letter of Undertaking (LUT) is extended to all registered suppliers meeting prescribed foreign inward remittance thresholds or qualifying as status holders. LUTs are submitted on letterhead with authorised signature, processed on priority and accepted within three working days when complete. Purchases by merchant exporters from manufacturers are taxable under GST; supplies to EOUs are taxable while EOUs obtain zero rating only for exports. Documents and self-declarations proving LUT eligibility will be accepted absent contrary evidence, subject to post-facto verification. Circulars Customs Mon, 14 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56096