Corporate Updates – 16-08-2017


Ministry of Finance has provided ‘Clarification on issues related to furnishing of Bond/Letter of Undertaking for Exports. The notification has clarified the issues w.r.t Eligibility to export under LUT (Letter of Undertaking), Time for acceptance of LUT/Bond (Letter of Undertaking), Transactions with EOUs, Forward inward remittance in Indian Rupee, Bank guarantee, Jurisdictional officer, Documents for LUT, Applicability of circulars on Bond/LUTs. Further, the said circular is applicable to any export made on or after the 1st July 2017.


comments_cra. In the New Rules, Form CRA-1 (Particulars relating to the Items of Costs to be included in the Books of Accounts) and Form CRA-3 (Form of the Cost Audit Report) is to be revised.

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