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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 8/90/2017 Air cus Tech. Dated 20.07.2017 PUBLIC NOTICE No. 15/12017 DATED 20.07.2017 Sub: Issues related to Bond/Letter of Undertaking for exports without payment of integrated tax Reg. **** Attention of the trade and industry, exporters, Importers and other stake holders is invited to Instruction No. 4/4/2017-GST issued vide file F. No. 349/82/2017-GST dated 07.07.2017 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... LUT) in FORM GST RFD-11. 4. Attention is invited to notification No. 16/2017-Central Tax dated 01-072017 vide which the category of exporters who are eligible 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 vid .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ability on exports is within the bond amount. In case the bond amount is insufficient to cover the tax liability in yet to be completed exports, the exporter shall furnish a fresh bond to cover such liability. 6. FORM RFD -11 under rule 96A 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... by the jurisdictional Deputy/Assistant Commissioner having jurisdiction over the principal place of business of the exporter. The exporter is at liberty to furnish the bond/LUT before Central Tax Authority or State Tax Authority till the administrative mechanism for assigning of taxpayers to respective authority is implemented. However, if in a State, the Commissioner of State Tax so directs, by g .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ipal place of business. 10. These instruction shall apply to exports on or after 1 st July 2017. Difficulties, if any may be brought to the notice of the undersigned (P. ANJANI KUMAR) COMMISSIONER OF CUSTOMS - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X