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
assessee
company i.e. delay in getting foreign Inward Remittance
Certificate (FIRC) from the Bank, the assessee company
could not file requisite forms ... date of remittance. However,
in some of the cases we were getting FIRC's on time there
observe that the said notice mentions
that "the copies of FIRCs enclosed by the party pertain to
the year 2011 whereas the export invoices ... note that such current account no, is also
reflected in the FIRCs in which the adjudicating authority has
pointed out discrepancy of address". After
output services, nature of output services is not indicated in the
invoices, FIRCs did not contain reference to export invoices, original
copies of the FIRCs ... indicate the exact nature of output
service in the invoices
FIRCs do not contain reference to export invoices
There is no co-relation between FIRCs
conduct further enquires to match every invoices vis-à-vis realization vide
FIRC's filedby the assessee and then pass an order fresh ... further pointed out that the payments realized as
the FIRCs have the description that the payments were made to
the appellant as advances
