https://www.taxtmi.com/notifications?id=121830 A new rule 96A requires registered persons exporting under bond or a Letter of Undertaking (FORM GST RFD 11) to furnish security and meet specified export or payment timelines; export invoice data must be electronically shared with Customs for confirmation and failure to export or to pay tax and interest within prescribed periods leads to withdrawal of bond/LUT privileges and recovery under the Act. The Rules also prescribe detailed procedures and forms for inspection, seizure, provisional release on bond/bank guarantee, demands and varied recovery mechanisms including deduction, auction, attachment, sale, restoration, and compounding of offences. en-us Sat, 01 Jul 2017 00:00:00 +0530 Thu, 09 Nov 2017 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=121830 A new rule 96A requires registered persons exporting under bond or a Letter of Undertaking (FORM GST RFD 11) to furnish security and meet specified export or payment timelines; export invoice data must be electronically shared with Customs for confirmation and failure to export or to pay tax and interest within prescribed periods leads to withdrawal of bond/LUT privileges and recovery under the Act. The Rules also prescribe detailed procedures and forms for inspection, seizure, provisional release on bond/bank guarantee, demands and varied recovery mechanisms including deduction, auction, attachment, sale, restoration, and compounding of offences. Notifications GST - States Sat, 01 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=121830