https://www.taxtmi.com/circulars?id=61134 Clarifies that any registered person meeting specified foreign inward remittance thresholds in the preceding financial year, and status holders irrespective of remittance, are eligible to furnish a Letter of Undertaking (LUT) in place of a bond. LUTs are to be submitted on letterhead; bonds on stamp paper. LUT/bond submissions must be prioritised and accepted within a short prescribed period. Bank guarantees should normally not exceed a prescribed proportion and may be waived by the Commissioner in specified circumstances; self-declarations and supporting documents are acceptable unless contested. en-us Wed, 30 Aug 2017 00:00:00 +0530 Mon, 27 May 2019 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61134 Clarifies that any registered person meeting specified foreign inward remittance thresholds in the preceding financial year, and status holders irrespective of remittance, are eligible to furnish a Letter of Undertaking (LUT) in place of a bond. LUTs are to be submitted on letterhead; bonds on stamp paper. LUT/bond submissions must be prioritised and accepted within a short prescribed period. Bank guarantees should normally not exceed a prescribed proportion and may be waived by the Commissioner in specified circumstances; self-declarations and supporting documents are acceptable unless contested. Circulars GST Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61134