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Letter of undertaking and payment of tax on export

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21 January 2019 Sir/Madam,
Whether we can export under LUT as well as On payment of tax in the same financial Year? If Yes, Please refer me the section, Permitting the same

22 January 2019 Yes, there is no restriction. However, you shall not be eligible for refund of accumulated credit. If you are not taking refund of accumulated credit, you can use ITC for payment of IGST on export; and when ITC is not available, you can use LUT.



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