Trade words

LUT

Letter of undertaking (Form GST RFD-11)

An undertaking a GST-registered exporter files on the GST portal for each financial year, before exporting, so it can export goods or services without paying IGST.

Set by CBIC, filed on the GST portal

Lessons that use this word

  1. Lesson 35 min readGST, LUT and refunds for exportersExports are zero-rated under GST. How exporting under an LUT differs from paying IGST and claiming it back, and how each refund reaches you.
  2. Lesson 125 min readShipping bill and Let Export OrderHow you declare an export on ICEGATE, how customs clears it, and how the same shipping bill reaches your bank and your export incentives.
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Trade Academy is education, not legal, tax or customs advice. Rules and rates change by notification: check the live source, or ask a licensed customs broker, before you act.