CBEC prescribes safeguards & conditions for furnishing bond / LUT against exports without tax

CBEC specifies the conditions & safeguards for furnishing Letter of Undertaking (LUT) in place of Bond in respect of export of goods / services without payment of integrated tax, says that (a) status holder as specified in Para 5 of FTP, or (b) registered person who has received due foreign inward remittances amounting to minimum of 10% of export turnover, not less than Rs. 1 Cr in preceding FY, and has not been prosecuted for any offence under CGST Act or under existing ...