CONSULTEASE.COM
webinar-shaifaly

Sign In

Browse By

Profile photo of DEEPAK JHANWARDEEPAK JHANWAR asked 1 month ago

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
 

Answer the question
1 Answers
Profile photo of Consultease AdministratorConsultease Administrator answered 1 month 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.