https://www.taxtmi.com/circulars?id=56102 Clarifies eligibility, form, processing and evidentiary requirements for permitting exports under a Letter of Undertaking (LUT) instead of a bond: any registered person meeting the foreign inward remittance threshold (minimum percentage of export turnover and a fixed floor) or recognised status holders may use LUT; LUTs must be on letterhead and processed within three working days; self-declarations and self-attested proofs are acceptable with post-facto verification; supplies by merchant exporters to be treated as taxable; acceptance for supplies to Nepal, Bhutan or SEZs depends on compliance with RBI rules; bank guarantees may be waived liberally and jurisdictional officers are specified. en-us Fri, 18 Aug 2017 00:00:00 +0530 Wed, 06 Sep 2017 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56102 Clarifies eligibility, form, processing and evidentiary requirements for permitting exports under a Letter of Undertaking (LUT) instead of a bond: any registered person meeting the foreign inward remittance threshold (minimum percentage of export turnover and a fixed floor) or recognised status holders may use LUT; LUTs must be on letterhead and processed within three working days; self-declarations and self-attested proofs are acceptable with post-facto verification; supplies by merchant exporters to be treated as taxable; acceptance for supplies to Nepal, Bhutan or SEZs depends on compliance with RBI rules; bank guarantees may be waived liberally and jurisdictional officers are specified. Circulars Customs Fri, 18 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56102