CIRCULAR NO-40/2018-F. No. 349/82/2017-GST-Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports – Reg.

Circular 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 Commissioners / Chief Commissioners / Principal Commissioners/
Commissioners of Central Tax (All) / The Principal Director Generals / Director Generals(All)

Madam/Sir,

Subject: Clarification on issues related to furnishing of Bond/Letter of Undertaking forexports – Reg.

Various communications have been received from the field formations and exporters thatthe LUTs being submitted online in FORM GST RFD-11 on the common portal are not visibleto 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 submittedonline 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 thefollowing:

“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 LUThas been so accepted, was ineligible to furnish an LUT in place of bond as perNotification No. 37/2017-Central Tax, then the exporter’s LUT will be liable forrejection. In case of rejection, the LUT shall be deemed to have been rejected abinitio.”

3. It is requested that suitable trade notices may be issued to publicize the contents of thisCircular.

 

4. Difficulty, if any, in the implementation of the above instructions may please be broughtto the notice of the Board. Hindi version would follow.

(Upender Gupta)
Commissioner (GST)

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PDF…..https://www.cbic.gov.in/resources//htdocs-cbec/gst/circularno-40-cgst.pdf;jsessionid=BB487EF4EF9166FBE9FF4EE7835CD62C

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