Export for the period of Export.
(b) Foreign Inward Remittance Certificate (FIRC) with details of Invoice No. and Invoice amount against which the remittances were ... fail to establish that the services have been exported and therefore the FIRC submitted in support of their claim export of services is not acceptable
received payment for the services in Indian rupees from Deutsche Bank and FIRCs issued by the bank has been produced before the lower authorities, whether ... were received through Deutsche Bank who have issued Foreign Inward Remittance Certificate (FIRC), as statutorily provided under Exchange Control Manual of Reserve Bank of India
along with the invoice copies, shipping bills
and Foreign inward remittances certificate (FIRC) for the entire export
sales and computing the sales ... assessee in the invoice wise listing furnished and for the
balance invoices FIRC copies have been provided substantiating the
realizations.
11.14 Notwithstanding and without prejudice
Garrison Emgomeer (E/M),Air Firce ... vs Jcit.(Tds), Bhopal, Bhopal on 22 March, 2022
In the Income-Tax Appellate Tribunal,
Agra Bench, Agra
Before
appellant company in
favour of the foreign investor;
Copy of FIRCs establishing the source of foreign remittance and
receipt of funds through banking channel;
Incorporation ... share application money received
during the year, copies of the FIRC etc. It was submitted that the
amount had come through proper banking channels
2012, filling of refund claim should be with copies of FIRCS/bank certificate, hence conclusion reached by the first appellate authority in respect of receipt ... provisions of rules 6A of the Central Excise rules, is fulfilled and FIRCS as required are submitted. He took me through two rules, rule
would need to be
declared on a Foreign Inward Remittance Certificate ("FIRC").
23. Three months latter, on 15th December 2006, Hunjan asked
Balwani ... firm, CK Chartered Accountants. On
30th June 2007 HSBC Bank issued a FIRC for these remittances of
£ 92500. The FIRC categorically states that the purpose
would need to be
declared on a Foreign Inward Remittance Certificate ("FIRC").
23. Three months latter, on 15th December 2006, Hunjan asked
Balwani ... firm, CK Chartered Accountants. On
30th June 2007 HSBC Bank issued a FIRC for these remittances of
£ 92500. The FIRC categorically states that the purpose
petitioner submitted a detailed reply
along with attested copy of the FIRC (Foreign Inward Remittance
Challan) dated 20.03.2020, pursuant to which, the refund
applications ... conclusion that the
Bank Realization Certificates (eBRCs) / Foreign Inward Remittance
Certificate (FIRCs) was not produced by the petitioner during the
proceedings. This finding is factually
proof of foreign transfers to India.
Physical Foreign Inward Remittance Certificate (FIRC)
A physical FIRC may be issued only for inward
remittances covering Foreign Direct ... purposes are only allowed through banking channels as
per RBI guidelines.
Electronic FIRC (e-FIRC)
According to the RBI, AD Category 1 banks must report
