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TMI BlogApplicability of LUT for sale between SEZ UnitsX X X X Extracts X X X X X X X X Extracts X X X X ..... Do we need to take the LUT, from sales being made to one SEZ unit to other SEZ Unit. Please specify the relevant provisons in support of the above. - Reply By KASTURI SETHI - The Reply = Dear Ravi J ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i, Answer is, 'NO'. My reply is based on common knowledge and experience. The purpose of LUT and Bond is to safeguard Govt. revenue (Duty/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Taxes) in the event of any mis-happening due to natural calamity or human error. . The clearance made to SEZ are treated as export. Exported goods are treated as duty/tax paid good s irrespective o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the fact whether the goods are exported without payment duty/tax under bond/LUT or payment of duty. Now since the goods lying in SEZ are duty paid, the Govt. revenue is already safe in the ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nds of SEZ unit because of the Govt. policy on export. We can infer that one SEZ unit is clearing duty-paid goods (being exported) to another SEZ unit. On the ground that tax/duty ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Govt. is already safeguarded, there is no requirement of LUT or Bond for clearing the goods from one SEZ unit to another SEZ unit. - Applicability of LUT for sale between SEZ Units - Query Starte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d By: - RAVI ANJANEYULU Dated:- 8-1-2019 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... managementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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