Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports - GST - States - Trade Notice No. 08/2018

Government of India, Ministry of Finance, Department of Revenue Office of the Chief Commissioner, Goods and Services Tax Customs - 793001 Crescens Building, M.G Road, Shillong-793001 494 Tel Nos. Nos.91-0364-2500131/2502052. Fax Nos. 91-0364-2224747/2502047 Trade Notice No. 08/2018 Dated. Shillong the 12 th April.2018 Subject: Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports - Reg. The Central Board of Indirect Taxes Customs has issued a Circular No. 40/14/2018-GST dated 6 th April, 2018 for the Trade and as well as all concerned regarding Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports. Various communications have been received from the field formations and exporters that the LUTs being submitted online in FORM GST RFD-11 on the common portal are not visible to the jurisdictional officers of Central Board of Indirect Taxes and Customs and of a few States. Therefore, a need was felt for a clarification regarding the acceptance of LUTs being submitted online in FORM GST RFD-11. 2. Accordingly, in partial modification of Circular No. 8/8/2017-GST dated 4th October, 2017, sub-paras (c), (d) and (e) of para 2 of the said Circular are hereby replaced by the following: c) Form for LUT: The registered person (exporters) shall fill and submit FORM GST RFD-11 on the common portal. An LUT shall be deemed to be accepted as soon as an acknowledgement for the same, bearing the Application Reference Number (ARN), is generated online. d) Documents for LUT: No document needs to be physically submitted to the jurisdictional office for acceptance of LUT. e) Acceptance of LUT/bond : An LUT shall be deemed to have been accepted as soon as an acknowledgement for the same, bearing the Application Reference Number (ARN), is generated online. If it is discovered that an exporter whose LUT has been so accepted, was ineligible to furnish an LUT in place of bond as per Notification No. 37/2017-Central Tax, then the exporter's LUT will be liable for rejection. In case of rejection, the LUT shall be deemed to have been rejected ab initio. This Trade Notice is being issued so as to sensitize the trade and field formations about the contents of the aforesaid references and for complete details, the respective references may please be referred in the CBIC's website www.cbec.gov.in . All Commissioners are requested to bring the contents of the Trade Notice to the notice of all the officers working under their charge and the assessees falling under their respective jurisdiction. The Trade Industry Associations/ Chambers of Commerce are requested to bring the contents of the Trade Notice to the notice of all their members. (W.L. Hangshing) Chief Commissioner C.No. IV(16)02/CCO/TECH-I/GST/SH/2018/2317-36 Dated 12 APR, 2018