https://www.taxtmi.com/circulars?id=60502 Notification No. 37/2017 extends the facility of export under Letter of Undertaking (LUT) to all registered persons except those prosecuted above a specified tax-evasion threshold; LUTs are valid for the financial year but may be withdrawn if exports are not completed within the time prescribed and required tax not paid. Bonds, when required, must be on non-judicial stamp paper and accompanied by a bank guarantee of fifteen percent of the bond amount. Exporters may furnish running bonds to cover estimated integrated tax liabilities and must maintain debit/credit records for inspection. LUT/bond shall be accepted by the jurisdictional Deputy/Assistant Commissioner within three working days or be deemed accepted. en-us Fri, 06 Oct 2017 00:00:00 +0530 Fri, 05 Apr 2019 18:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60502 Notification No. 37/2017 extends the facility of export under Letter of Undertaking (LUT) to all registered persons except those prosecuted above a specified tax-evasion threshold; LUTs are valid for the financial year but may be withdrawn if exports are not completed within the time prescribed and required tax not paid. Bonds, when required, must be on non-judicial stamp paper and accompanied by a bank guarantee of fifteen percent of the bond amount. Exporters may furnish running bonds to cover estimated integrated tax liabilities and must maintain debit/credit records for inspection. LUT/bond shall be accepted by the jurisdictional Deputy/Assistant Commissioner within three working days or be deemed accepted. Circulars Customs Fri, 06 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60502