https://www.taxtmi.com/circulars?id=61394 Clarifies that exporters may ship without payment of integrated tax by furnishing either a Letter of Undertaking or a bond under rule 96A; eligible exporters (status holders and those meeting inward remittance and prosecution criteria) may use LUTs executed in duplicate for a financial year, while others must furnish bonds on applicable stamp paper. Bonds may be running bonds covering estimated export tax liability and jurisdictional Commissioners may require or waive bank guarantees based on exporter track record, with guarantees normally capped as a percentage of the bond. Acceptance, validity, transitional filing, and administrative jurisdiction for LUTs/bonds are specified. en-us Tue, 11 Jul 2017 00:00:00 +0530 Thu, 06 Jun 2019 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61394 Clarifies that exporters may ship without payment of integrated tax by furnishing either a Letter of Undertaking or a bond under rule 96A; eligible exporters (status holders and those meeting inward remittance and prosecution criteria) may use LUTs executed in duplicate for a financial year, while others must furnish bonds on applicable stamp paper. Bonds may be running bonds covering estimated export tax liability and jurisdictional Commissioners may require or waive bank guarantees based on exporter track record, with guarantees normally capped as a percentage of the bond. Acceptance, validity, transitional filing, and administrative jurisdiction for LUTs/bonds are specified. Circulars Central Excise Tue, 11 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61394