Export without valid lut / bond

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2012 This query is for one my friends firm. Thier LUT got expired on 30th Jan 2012. However, it was notice only on 15.02.2012. During this period i.e. from 31.01.2012 to 15.02.2012, they had exported goods wherein ED involved was about 30-40 lakhs. On noticing the mistake they immediately paid the excise duty through cenvat for the month of january 2012 & feb 2012 and also paid interest for exports effected during Jan 2012. Further, they have applied for renewal of LUT on 17.02.2012. Now, my query is as under:

1. Can they claim rebate of excise duty involved in these consignments.

2. What is the procedure to be followed?

3. Can they clear the export consginemnts before receipt of fresh LUT by giving reference of LUT application on the ARE1.

Please treat as most urgent and reply.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

20 February 2012 u are advised to extend LUT...

Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2012 Thanks for ur immediate response sir..

They have already applied for renewal of LUT on 17/02, hence request you to kindly guide us i/o queries raised at sr. no. 1 to 3 in my main query.