https://www.taxtmi.com/circulars?id=60453 Clarification extends the facility of export under Letter of Undertaking (LUT) to all registered persons for zero-rated supplies without payment of integrated tax, except those prosecuted for offences where tax evasion exceeds two hundred and fifty lakh rupees. LUT validity is for the financial year, can be withdrawn if exports are not completed within prescribed time and tax not paid, and is restorable upon payment. LUT/bond submission procedures, prioritised processing within three working days, acceptance on exporter letterhead, self-declaration provisions, bond and bank guarantee requirements, running bond maintenance, sealing supervision, and jurisdictional acceptance by the Commissioner over the principal place of business are specified. en-us Wed, 11 Oct 2017 00:00:00 +0530 Mon, 01 Apr 2019 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60453 Clarification extends the facility of export under Letter of Undertaking (LUT) to all registered persons for zero-rated supplies without payment of integrated tax, except those prosecuted for offences where tax evasion exceeds two hundred and fifty lakh rupees. LUT validity is for the financial year, can be withdrawn if exports are not completed within prescribed time and tax not paid, and is restorable upon payment. LUT/bond submission procedures, prioritised processing within three working days, acceptance on exporter letterhead, self-declaration provisions, bond and bank guarantee requirements, running bond maintenance, sealing supervision, and jurisdictional acceptance by the Commissioner over the principal place of business are specified. Circulars Customs Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60453