https://www.taxtmi.com/circulars?id=59582 Clarification sets eligibility and procedural rules for substitution of Letter of Undertaking (LUT) for bonds in zero-rated exports: LUTs are available to registered persons meeting prescribed foreign inward remittance thresholds, with status holders exempted from the threshold requirement; LUTs must be on letterhead and processed within three working days; CT-I is irrelevant under GST; supplies to EOUs are taxable and zero-rating applies only for actual exporters; foreign currency and RBI conditions govern remittances for Nepal, Bhutan and SEZ transactions; bank guarantees may be limited or waived; jurisdictional officers accept LUTs and self-declarations are prima facie sufficient. en-us Wed, 23 Aug 2017 00:00:00 +0530 Wed, 13 Feb 2019 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59582 Clarification sets eligibility and procedural rules for substitution of Letter of Undertaking (LUT) for bonds in zero-rated exports: LUTs are available to registered persons meeting prescribed foreign inward remittance thresholds, with status holders exempted from the threshold requirement; LUTs must be on letterhead and processed within three working days; CT-I is irrelevant under GST; supplies to EOUs are taxable and zero-rating applies only for actual exporters; foreign currency and RBI conditions govern remittances for Nepal, Bhutan and SEZ transactions; bank guarantees may be limited or waived; jurisdictional officers accept LUTs and self-declarations are prima facie sufficient. Circulars Customs Wed, 23 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59582