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Profile photo of DEEPAK JHANWARDEEPAK JHANWAR asked 10 months ago

LUT

LUT

Export has been made in the month of July 2017 and August 2017. Manual LUT / Bond has been generated in the month of Sept. 2017. Whether export in July and August 2017 will be covered under LUT  / Bond of Sept. or outward liability will be generated for Export.
Thanks
 

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1 Answers
Profile photo of Consultease AdministratorConsultease Administrator answered 10 months ago

For the first year, a condonation was given for the delay in LUT. In your case, that condonation can be availed. You can cover your exports in LUT applied later on.