Circulars

LUT - CBEC clarification regarding renewal of online Letter of Undertaking (LUT ) for 2018-19
 

 

 

CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)

Jhansi Castle, 4th Floor, 7, Cooperage Road, Mumbai - 400 001. India

Tel : +91 22 22021288 Website : www.//chemexcil.in

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EPC/LIC/LUT                                                                                                 09.4.2018

 

 

ALL  MEMBERS OF THE COUNCIL

 

 

LUT 
CBEC clarification regarding  renewal of online  Letter of Undertaking (LUT )  for 2018-19

 

                                        

 

Dear Members,  

This is in continuation of our recent circulars regarding renewal of Letter of Undertaking (LUT )  for 2018-19 and also  facility of  online furnishing of   Letter of Undertaking (LUT ) on GST Portal for export of goods or services for FY 2018-19.

 

To address the issues/ doubts of the exporters about online LUT,  CBEC (GST Policy Wing) has issued circular number Circular No. 40/14/2018-GST dated 06/04/2018 giving clarifications regarding online LUT and further procedure.

 

The  important  points are reproduced/ highlighted  below for your  reference:

 

  • 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.

 

  • Documents for LUT:
  •  

No document needs to be physically submitted to the jurisdictional office for acceptance of LUT.

 

 

  • 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.


However,  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.”

 

Members are requested to take note of the same and do the needful accordingly.  The original circular is available for reference/ download using below link-

http://www.cbec.gov.in/resources//htdocs-cbec/gst/circularno-40-cgst.pdf

 

 

Persistent difficulties, if any, can also be highlighted to us on e-mail id’s- deepak.gupta@chemexcil.gov.in & balani.lic@chemexcil.gov.in. 

 

 

Thanking You,

 

Yours faithfully,

 

( S.G. BHARADI )
EXECUTIVE DIRECTOR