CGST Notification No. 16/2017-Central Tax dated 07.07.17

Notification No. 16/2017-CT (conditions and safeguards for furnishing a Letter of Undertaking in place of a bond for export without payment of integrated tax)

[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 CentralGoods and Services Tax Rules, 2017, the Central Board of Excise and Customs herebyspecifies the conditions and safeguards for the registered person who intends to supply goodsor services for export without payment of integrated tax, for furnishing a Letter ofUndertaking in place of a Bond.

i. The following registered person shall be eligible for submission of Letter ofUndertaking 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 of10% of the export turnover, which should not be less than one crore rupees, in thepreceding financial year,

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

ii. The Letter of Undertaking shall be furnished in duplicate for a financial year in theannexure to FORM GST RFD 11 referred to in sub-rule (1) of rule 96A of the CentralGoods and Services Tax Rules, 2017 and it shall be executed by the working partner, theManaging Director or the Company Secretary or the proprietor or by a person duly authorisedby such working partner or Board of Directors of such company or proprietor on the letterhead 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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• Download the official notification no. 16/2017 Central Tax dated 07.07.2017
• Download the official CGST Notification No. 16(Corrigendum)/2017-Central Tax dated 10.07.2017