Question 47:

Upon introduction of GST, Exporter have option of Bond or LUT to Export the goods.LUT easy for category who has Export House etc.but for Exporter other than EXPORT HOUSE or special Category have only option for BOND. This was amended on 03.10.2017. 
now, my question is that, Bond has a validity of one year, means expires during 1st july to 03.10.2017. Is it correct or not?.
Since, 03.10.2017, every LUT expires on 31st March of each Financial Year. Hence, the captioned question came into existence hence requested to clarify.

Answer

According to Circular No. 8/8/2017-GST dated 04.10.2017 read with Notification 37/2017 -Ct dt.04/10/2017, the facility of export of goods and/or services under LUT has now been extended to all registered persons except to those who have been prosecuted for any offence under the CGST/IGST Act /any of the existing laws and the amount of tax evaded in such cases exceeds two hundred and fifty lakh rupees. 
Earlier furnished Bond has a validity for one year from the date of filling . But you can export against such bond till 31.03.2018 because of updated Procedure of LUT/bond in the said notification validity of LUT/Bond is limited to the Financial year during which the same is executed.  
Yes , you are right all exporter exporting Goods or Services without payment of tax need to furnish fresh LUT for the FY 2018-2019. (Reply dt. 06/4/2018)