Exporters Can Use Letter of Undertaking Instead of Bond for GST Exports, Simplifying Process and Eliminating Bank Guarantees.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....To facilitate exports under GST, it has been decided to allow exporters the facility of furnishing Letter of Undertaking in place of a bond - This facility of furnishing Letter of Undertaking, in place of a bond, is allowed to exporters for exporting goods or services or both - Now no bank guarantee will be required.The relevant notification for this will be issued in due course - FM....