ANY ONE GUIDE FOR ME I AM AN ACCOUNTANT IN SMALL FIRM.OUR COMPANY NEED TO EXPORT THE PRODUCTS FOR THAT BANK GUARANTEE IS NEEDED FOR EXECUTE BOND?BCOZ 3DAYS BEFORE OUR MINISTER ARUN JATLEY ANNOUNCED NO NEED BANK GUARANTEE FOR EXPORTES EXECUTE LUT INSTEAD OF BOND IS IT CORRECT?
1 Replies
Prakash Bangalore
(81 Points)
Replied 08 October 2017
yes, LUT IS APPLICABLE NO NEED TO BOND PLS. SEE NOTIFICATION NO.37 DT.04.10.2017 and circular no.8 dt. 04.10.2017 central tax
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