Circular No. 8/8/2017-GST — LIST OF AMENDING ACTS

Circular No. 8/8/2017-GST F: No. 349/74/2017-GST (Pt:) Vol.-II Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the 4th October; 2017 The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) The Principal Director Generals/Director Generals (All) Madam/Sir, Subject: Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports In view of the difficulties being faced by the exporters in submission of bonds/Letter of Undertaking (LUT for short) for exporting goods or services or both without payment of integrated tax, Notification No. 37/2017 Central Tax dated 4th October; 2017 has been issued which extends the facility of LUT to all exporters under rule 96A of the Central Goods and Services Tax Rules, 2017 (hereafter referred to as sthe CGST Rules" ) subject to certain conditions and safeguards. This notification has been issued in supersession of Notification No. 16/2017 Central Tax dated 7th July, 2017 except as respects things done o omitted to be done before such supersession. 2 In the light of the new notification, three circulars in this matter, namely Circular No. 2/2/2017 GST dated Sth July, 2017, Circular No. 4/4/2017 GST dated 7th July, 2017 and Circular No. 5/5/2017 GST dated 1lth August, 2017, which were issued for providing clarity on the procedure to be followed for export under bond/LUT; now require revision and a consolidated circular on this matter is warranted Accordingly, to ensure uniformity in the Page 1 of 5 To, procedure in this regard, the Board, in exercise of its powers conferred under section 168 (1) of the Central Goods and Services Tax Act; 2017 clarifies the following issues: Eli