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Export of Service - Payment received in Indian Rupees with support of FIRCill ths th, Service Tax |
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Export of Service - Payment received in Indian Rupees with support of FIRCill ths th |
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My query is as under: One of our clients receives payment against the export of Service in Indian Rupees in his bank account directly from the overseas bank of the Customers with the supporting document in form of FIRC. Will this qualify for the exemption under export of Service or the receipt against FIRC is enough to prove that the Service has been exported and the payment is received as required in Foreign currency as supported by FIRC? Please confirm. Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
In this scenario the FIRC should be converted to BRC to avail the benefit of export of services.
Can you please explain the term BRC?
BRC= BANK REALISATION CERTIFICATE ISSUED FROM BANK WHICH IS ACCEPTED BY THE EXCISE AUTHORITIES AS PROOF OF PAYMENT FOR THE EXPORT. Page: 1 Old Query - New Comments are closed. |
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