Central Board of Indirect Taxes & Customs has issued Circular No. 40/2018 dated 6th April,2018 to clarify regarding filing of Letter of Undertakings (LUTs) in FORM GST RFD-11 on the common portal.
Key points of the Circular are:
- i)The registered person (exporters) shall now fill and submit FORM GST RFD-11 on the common portal.
- ii)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.
iii) No document needs to be physically submitted to the jurisdictional office for acceptance of LUT.
- iv)If it is discovered that an exporter whose LUT has been so accepted, was ineligible to furnish an LUT in place of bond, 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.
Source: Central Board of Indirect Taxes & Customs
