https://www.taxtmi.com/circulars?id=61135 Exports without payment of integrated tax require a Bond or Letter of Undertaking in FORM GST RFD-11; eligible exporters may use LUT while others must furnish a bond on non-judicial stamp paper. Bonds may be maintained as running bonds covering estimated tax liabilities and must be topped up if insufficient. A bank guarantee may be required but can be waived by the jurisdictional Commissioner; where required it should normally not exceed 15% of the bond amount. LUTs are valid for twelve months and acceptance is by the Deputy/Assistant Commissioner of the exporter's principal place of business. en-us Thu, 24 Aug 2017 00:00:00 +0530 Mon, 27 May 2019 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61135 Exports without payment of integrated tax require a Bond or Letter of Undertaking in FORM GST RFD-11; eligible exporters may use LUT while others must furnish a bond on non-judicial stamp paper. Bonds may be maintained as running bonds covering estimated tax liabilities and must be topped up if insufficient. A bank guarantee may be required but can be waived by the jurisdictional Commissioner; where required it should normally not exceed 15% of the bond amount. LUTs are valid for twelve months and acceptance is by the Deputy/Assistant Commissioner of the exporter's principal place of business. Circulars GST Thu, 24 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61135