Clarification on issues related to furnishing of Bond\/Letter of Undertaking for exports \u2013 Reg.
40\/14\/2018 Dated:- 6-4-2018 CGST – Circulars \/ Ordes
GST
Circular No. 40\/14\/2018-GST
\nF. No. 349\/82\/2017-GST
\nGovernment of India
\nMinistry of Finance
\nDepartment of Revenue
\nCentral Board of Indirect Taxes and Customs
\n(GST Policy Wing)
\n***
\nNew Delhi, April 6, 2018
\nTo,
\nThe Principal Chief Commissioners \/ Chief Commissioners \/ Principal Commissioners\/ Commissioners of Central Tax (All) \/ The Principal Director Generals \/ Director Generals (All)
\nMadam\/Sir,
\nSubject: Clarification on issues related to furnishing of Bond\/Letter of Undertaking for exports – Reg.
\nVarious communications have been received from the field formations and e<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n (ARN), is generated online. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Clarification on issues related to furnishing of Bond\/Letter of Undertaking for exports \u2013 Reg.40\/14\/2018 Dated:- 6-4-2018 CGST – Circulars \/ OrdesGSTCircular No. 40\/14\/2018-GST F. No. 349\/82\/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs (GST Policy Wing) *** New Delhi, April 6, 2018 To, The Principal Chief … Continue reading “Clarification on issues related to furnishing of Bond\/Letter of Undertaking for exports \u2013 Reg.”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11332","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/11332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11332"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/11332\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nd) Documents for LUT: No document needs to be physically submitted to the jurisdictional office for acceptance of LUT.
\ne) 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.”
\n3. It is requested that suitable trade notices may be issued to publicize the contents of this Circular.
\n4. Difficu<\/p>\n
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