Notification No.: Corrigendum to Notification No. 16/2017 – Central Tax
Date of Corrigendum: 10th July 2017
Relevant Sections and Rules:
- Central GST Rules, 2017: Rule 96A(5)
- Central GST Act, 2017: Section 164 (rule-making power)
- Integrated GST Act: Not applicable
- Amends: Notification No. 16/2017 – Central Tax dated 7th July 2017
Summary of Corrigendum
Correction in Reference to Foreign Trade Policy (FTP):
This corrigendum modifies Notification No. 16/2017 – Central Tax to correct the citation of the Foreign Trade Policy (FTP) provision for identifying status holders.
- Original Text in Notification No. 16/2017: Referred to “paragraph 5” of the Foreign Trade Policy 2015–2020.
- Corrected Text: It should instead refer to “paragraphs 3.20 and 3.21” of the FTP 2015–2020.
These paragraphs of the FTP define and list categories of status holders eligible for benefits under the policy, which in this case relate to eligibility for furnishing a Letter of Undertaking (LUT) in lieu of bond for exports without IGST payment.
This correction ensures alignment of GST rules with the specific and correct clauses of the FTP, thereby preventing ambiguity in the eligibility criteria for exporters.
Source: Notification No.: Corrigendum to Notification No. 16/2017 – Central Tax
