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SERVICE TAX REFUND WITH OUT BRC

Service Tax - Started By: - RAVEENDRANADH N - Dated:- 9-10-2015 Last Replied Date:- 12-10-2015 - Dear Sir,Ours is Software exports company, we have registered with Service Tax under VCS scheme and paid all dues, now it streamlined we are up to date like filing of ST3 and refund application etc.Problem is we have paid service for Import of services (paid under reverse charge) - which I can get refund from the department, our refund claim is under process with Assist Commissioner, now they are tel .....

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thorised Dealer ( your Banker). On the basis of record available with the Bank, it will be converted in BRC provided you had submitted export documents through your AD.BRC is mandatory document to get the refund from the Deparment.Regards,YAGAY and SUN(Management, Business & Indirect Tax Consultants) - Reply By Mahir S - The Reply = Yes sir, BRC is mandatory for allowing refunds. However, refunds may be allowed subject to submission of BRC within 160 days from the date of export of goods - R .....

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- The Reply = Sir,In this regard, Kindly refer following Board Circular :-Circular No. 354/70/1997 CX dated 13.11.1997 issued vide F.No. 209/54/97 - CX - 6. - Reply By YAGAY AND SUN - The Reply = Dear Ravi,After the advent E BRC this 160 day's provision has no value and legal sanctity. Further, In case of Status Holder, foreign remittances against export of goods as well as services can be received within one year or if ETX form under FEMA has been submitted then such extended period for get .....

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Sir, I agree with you (M/s.YAGAY and SUN) in toto. Board's circular dated 13.11.97 is a matter of by-gone era. Though circular has not been withdrawn, yet so many changes have taken place.Thanks for sharing knowledge.KASTURI LAL SETHI - Reply By Mahir S - The Reply = Sir,The question here is reg. application made rebate claim, so if any assessee desires to get rebate claim for export under claim for rebate, then the JAC/JDC can surely ask for BRC or for submission withhin 160 days time limit .....

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rt proceeds. Various export promotion agencies provide incentives, import duty exemptions and other financial assistance to the exporters. These agencies require to submit export proof by the exporters to claim such benefits. One of the proof of exports other than export promotion copy of shipping bill (EP copy of shipping bill), Mate Receipt issued by the carrier and/or customs authorized ARE-1 (for goods under central excise only) is Bank Realization Certificate BRC issued by the respective ba .....

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