Zero-rated supply procedures require LUT or bond and prescribed documents for supplies to SEZ units under GST.
Supply to SEZ units may be made under a Letter of Undertaking (LUT) on stamp paper or a bond on non-judicial stamp paper without payment of tax; exporters must submit Form GST-RFD-11 on company letterhead, an authority letter, and other prescribed supporting documents. If a bond is furnished, the supplier must provide a bank guarantee for a portion of the bond amount. Documents are submitted to the officer with jurisdiction over the exporter's principal place of business, and the authority issues an acknowledgement letter after verification within three days. (AI Summary)

Oral gift under Mohammedan law can change ownership status to enable capital gain exemption when statutory conditions are met.
A taxpayer blocked from claiming exemption under Section 54F due to ownership of two houses can, under Mohammedan law, effect a valid oral gift by donor declaration, donee acceptance and transfer of possession; such gifts are saved from the Transfer of Property Act formalities by the statutory non interference provision, and transfers to relatives are excluded from taxable receipts, making factual proof of possession and acceptance central to meeting the ownership condition for the capital gain exemption. (AI Summary)