Submission of Bond/Letter of Undertaking by the Exporter in respect of Exports without payment of Integrated Tax under the IGST Act.

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....nafter referred to as the "KGST Act"), the Central Goods and Services Tax Act, 2017, (hereinafter referred to as the "CGST Act"), and Integrated Goods and Services Tax Act, 2017, (hereinafter referred to as the "IGST Act"), have come in to force with effect from 1st July 2017. 2. Section 16(3) of the IGST Act provides that a registered person making zero rated supply shall be eligible to claim refund under either of the following options,- (a) he may supply goods or services or both under bond or Letter of Undertaking, subject to such conditions, safeguards and procedure as may be prescribed, without payment of integrated tax and claim refund of unutilized input tax credit; or (b) he may supply goods or services or both, subject to....

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....ish Letter of Undertaking in place of a bond. 6. In this background queries have been received from the Trade and Associations stating the difficulties faced with regard to the procedure prescribed in respect of export of goods and services vis-a-vis payment of integrated tax or submission of Bond or letter of undertaking in place of Bond. On examining the issue., it is noticed that the Central Board of Excise and Customs (CBEC) has issued a notification and a circular explaining the modalities and requirement that should be fulfilled by an exporter where the export is sought without payment of integrated tax. 7. The attention is drawn to the para (7) of the circular issued by Central Board of Excise and Customs (CBEC) of reference (5....