Notification No 16/2017 Central Tax dated  7th July, 2017

conditions and safeguards for furnishing a Letter of Undertaking in place of a bond for export without payment of integrated tax vide Notification No 16/2017 Central Tax dated  7th July, 2017

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUBSECTION (i)]

Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Notification No. 16/2017 – Central Tax

New Delhi, the 7th July, 2017

G.S.R… ( )E.:- In exercise of the powers conferred by sub-rule (5) of rule 96A of the Central
Goods and Services Tax Rules, 2017, the Central Board of Excise and Customs hereby
specifies the conditions and safeguards for the registered person who intends to supply goods
or services for export without payment of integrated tax, for furnishing a Letter of
Undertaking in place of a Bond.

i. The following registered person shall be eligible for submission of Letter of Undertaking in place of a bond:-

(a) a status holder as specified in paragraph 5 of the Foreign Trade Policy 2015- 2020; or

(b) who has received the due foreign inward remittances amounting to a minimum of
10% of the export turnover, which should not be less than one crore rupees, in the
preceding financial year,

and he has not been prosecuted for any offence under the Central Goods and Services Tax
Act, 2017 (12 of 2017) or under any of the existing laws in case where the amount of tax
evaded exceeds two hundred and fifty lakh rupees.

ii. The Letter of Undertaking shall be furnished in duplicate for a financial year in the
annexure to FORM GST RFD – 11 referred to in sub-rule (1) of rule 96A of the Central
Goods and Services Tax Rules, 2017 and it shall be executed by the working partner, the
Managing Director or the Company Secretary or the proprietor or by a person duly authorised
by such working partner or Board of Directors of such company or proprietor on the letter
head of the registered person.

[F. No. 349/74/2017 – GST]

(Dr. Sreeparvathy S. L.)
Under Secretary to the Government of India

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