In exercise of the powers conferred by section 54 of the Punjab Goods and Services Tax Act, 2017 (Punjab Act No.5 of 2017), and section 20 of the Integrated Goods and Services Tax Act,2017 (Central Act No.13 of 2017) read with sub-rule (5) of rule 96A of the Punjab Goods and Services Tax Rules, 2017, and in supersession of the Government of Punjab, Department of Excise and Taxation, Notification No. S.O. 55/P.G.S.T.R./2017/R.96A/2017, dated the 25th September, 2017, published in the Punjab Government Gazette (Extraordinary), Part III, dated the 29thSeptember, 2017 except as respects things done or omitted to be done before such supersession and all other powers enabling him in this behalf, the Governor of Punjab, is pleased to specify on and with effect from the 04th October, 2017 conditions and safeguards for furnishing a Letter of Undertaking in place of a Bond by a registered person who intends to supply goods or services for export without payment of integrated tax -

(i) all registered persons who intend to supply goods or services for export without payment of integrated tax shall be eligible to furnish a Letter of Undertaking in place of a bond except those who have been prosecuted for any offence under the Punjab Goods and Services Tax Act, 2017 or the Integrated Goods and Services Tax Act, 2017 or any of the existing laws in force in a case where the amount of tax evaded exceeds two hundred and fifty lakh rupees;

(ii) the Letter of Undertaking shall be furnished on the letterhead of the registered person, in duplicate, for a financial year in the annexure to FORM GST RFD - 11 referred to in sub-rule (1) of rule 96A of the Punjab Goods and Services Tax Rules, 2017 and it shall be executed by the working partner, the Managing Director or the Company Secretary or the proprietor or by a person duly authorised by such working partner or Board of Directors of such company or proprietor;

(iii) where the registered person fails to pay the tax due alongwith interest, as specified under sub-rule (1) of rule 96A of Punjab Goods and Services Tax Rules, 2017, within the period mentioned in clause (a) or clause (b) of the said sub-rule, the facility of export without payment of integrated tax will be deemed to have been withdrawn and if the amount mentioned in the said sub-rule is paid, the facility of export without payment of integrated tax shall be restored.

2. The provisions of this notification shall mutatis mutandis apply in respect of zero-rated supply of goods or services or both made by a registered person (including a Special Economic Zone developer or Special Economic Zone unit) to a Special Economic Zone developer or Special Economic Zone unit without payment of integrated tax.

M.P. SINGH,

Additional Chief Secretary-cum-Financial

Commissioner (Taxation)

to Government of Punjab,

Department of Excise and Taxation.