Exporters Can Use Letter of Undertaking Instead of Bond for GST Exports, Simplifying Process and Eliminating Bank Guarantees.
GST
To facilitate exports under GST, it has been decided to allow exporters the facility of furnishing Letter of Undertaking in place of a bond – This facility of furnishing Letter of Undertaking, in place of a bond, is allowed to exporters for exporting goods or services or both – Now no bank guarantee will be required.The relevant notification for this will be
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