Issues related to Bond/Letter of Undertaking for exports without payment of integrated tax

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....ly, 2017 Trade Notice No. 09/2017 Subject: Issues related to Bond/Letter of Undertaking for exports without payment of integrated tax Reg. Attention of all Central Excise assessees/manufacturers, Service Tax assessees, Exporter, Trade and Industry and all concerned are invited to Ministry's Circular No. 4/4/2017 issued under F. No. 349/82/2017-GST dated 7th July, 2017, the Central Board of Ex....

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....ble to export under LUT has been specified along with the conditions and safeguards. All exporters, not covered by the said notification, would submit bond. The procedures for submission and acceptance of bond has already been prescribed vide Circular No, 2/2/2017-GST dated 4th July, 2017. The bond shall be furnished on non-judicial stamp paper of the value as applicable in the State in which bond....

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....sh bond to cover such liability. 5. FORM RFD-11 under Rule 96 A of the CGST Rules requires furnishing a bank guarantee with bond. field formations have requested for clarity on the amount of bank guarantee as a security for the bond. In this regard it is directed that the jurisdictional Commissioner may decide about the amount of bank guarantee depending upon the track record of the exporter. If....

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....uthority or State Tax Authority till the administrative mechanism for assigning of tax payers to respective authority is implemented. However, if in a State, the Commissioner of State tax so directs, by general instruction, to exporter, the Bond/LUT in all cases be accepted by Central Tax Officer till such time the said administrative mechanism is implemented. Central Tax Officers are directed to ....