22 December 2015
The Letter of Undertaking [LUT] is to be furnished in the Form UT-1 as specified by the Board. It should be filed only to the jurisdictional Dy/Asst. Commissioners. It should not be filed before Maritime Commissioner or any other Officer authorized by the Board. An LUT shall be valid for 12 calendar months provided the exporter complies with the conditions of the LUT, especially the procedure for acceptance of proof of export. In case of persistent defaults or non-compliance causing threat to revenue, the manufacturer exporter be asked to furnish bond with security/surety
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