2017 (9) TMI 750

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....dvocate with Mr. Udit Gupta, Mr. Anup Jain, Advocate For The Respondents : Mr. Rajesh Gogna, CGSC for UOI. Mr. Harpreet Singh, Sr. Standing Counsel with Ms. Namrata Bharti, Advocate ORDER C.M. No. 30757/2017 (exemption) 1. Allowed subject to all just exceptions W.P. (C) No. 7460/2017 2. Notice. Mr. Rajesh Gogna, learned CGSC, accepts notice for the Union of India. Mr. Harpreet Singh, lear....

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.... debit/ credit facility) or a one-time bond (separate bond for each consignment/export). It is observed consignment wise bond would be a significant compliance burden on the exporters. It is directed that the exporters shall furnish a running bond, in case he is required to furnish a bond, in FORM GST RFD -11. The bond would cover the amount of tax involved in the export based on estimated tax lia....

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....ST Act. In order to avail of the input tax credit, the Petitioner, being a new entrepreneur with an export turnover of less than Rs. 1 crore per annum, has to necessarily furnish a bond with a bank guarantee. Such a condition does not apply to an exporter with an annual turnover exceeding Rs. 1 crore. This is the Petitioner's understanding. 5. However, para 4 of the above Circular envisages that ....