Tuesday, 3 December 2013

Omission to file Letter of Undertaking won’t create any liability if proof of export without duty wa

Excise & Customs : In case of export without payment of duty, benefit of export is available if documents viz., shipping bill, invoice, etc., are filed; non-filing of Letter of Undertaking (LUT) and ARE-I is a procedural lapse and does not make an assessee liable to duty or penalty


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