LUT for Export of Goods - FY 2022-23 - Urgent

This query is : Resolved

Pragati Sharma (Querist)
Follow

25 March 2022 Dear Experts,

We are looking for customers to export our goods in Nepal and Bhutan in the coming FY. We are not sure whether we will be able to get a client or not?

Can we file the LUT after March 2022 if we get the customer for sale in FY 2022-23?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

25 March 2022 Yes, you can file, it's effective from the date of filing in such a case.

rd sharma

rd sharma (Expert)
Follow

26 March 2022 yes you can file upto 31.03.2022 whether you get no export clients in next year, otherwise you will get benefit from the date of filing of LUT

Upgrade to CAclubindia Pro. Subscribe Now!

CA Puja Sharma

CA Puja Sharma (Expert)
Follow

26 March 2022 It means i can file LUT after 31st MArch 2022 for FY 2022-23 if we get any export related client?

The LUT will be appoved by the Officer without any notice?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

26 March 2022 Yes, it will be approved.
The LUT/ Bond should be accepted within three working days after it has been received along with the self-declaration by the exporter as mentioned above. Failing to process the LUT within three working days, it shall be considered to be accepted.