https://www.taxtmi.com/circulars?id=61591 Eligibility for a Letter of Undertaking (LUT) is extended to registered exporters who received foreign inward remittances amounting to at least 10% of export turnover and above the prescribed minimum, or who are recognised status holders; LUTs are valid for twelve months, accepted on letterhead with signature and seal, may be accepted on self-declaration subject to post-facto verification, and must be processed within three working days. Exporters ineligible for LUT must furnish a running bond; a bank guarantee may be required at the Commissioner's discretion, normally not exceeding a specified fraction of the bond. en-us Mon, 14 Aug 2017 00:00:00 +0530 Mon, 24 Jun 2019 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61591 Eligibility for a Letter of Undertaking (LUT) is extended to registered exporters who received foreign inward remittances amounting to at least 10% of export turnover and above the prescribed minimum, or who are recognised status holders; LUTs are valid for twelve months, accepted on letterhead with signature and seal, may be accepted on self-declaration subject to post-facto verification, and must be processed within three working days. Exporters ineligible for LUT must furnish a running bond; a bank guarantee may be required at the Commissioner's discretion, normally not exceeding a specified fraction of the bond. Circulars GST Mon, 14 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61591