Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports. - GST - States - Trade Notice No. 02/2018-19

OFFICE OF THE COMMISSIONER, GOODS SERVICES TAX HQRS. GST BHAWAN, NAPIER TOWN, JABALPUR (M.P.) 482001 C.No. IV(16)02/Trade Notice/HQ/JBP/Tech/2018-19/ Trade Notice No. 02/2018-19 Dated 20.04.2018 Sub: Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports - Reg. Kind attention of all the members of Trade/Industry/Trade Associations/Chambers of Commerce and Industry/RAC and all others concerned is invited to Circular No. 40/14/2018-GST issued under F. No. 349/82/2017-GST dated 06.04.2018 by the Commissioner GST, Central Board of Indirect Taxes and Customs, GST Policy Wing, New Delhi, regarding Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports. On the issue 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. 3. The above is brought to your notice for the benefit of the Member of Trade/Industry and all concerned. Sd/- (P.K. AGARWAL) COMMISSIONER