Notification No. 37/2017
Date: October 4, 2017
Subject: Furnishing of Letter of Undertaking (LUT) in place of bond for exports
Description:
This notification allows registered persons to export goods or services without payment of IGST by furnishing a Letter of Undertaking (LUT) instead of a bond. The facility is available to eligible exporters who have not been prosecuted for serious tax offences. It is issued under rule 96A of the CGST Rules.