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
kept asking Corsair
Investments LLC to furnish the Foreign Inward Remittance
Certificate (FIRC) for the amount remitted into its account so
33
that the said ... repeated follow-up, the third
respondent - Company did not receive the FIRC and its account
statement depicted that the monies it had received had come
following grounds-
I. On perusal of the statement 3 and FIRC details, the
refund claim has been filed based on invoices
raised during the relevant ... declared in statement-3 does not tally with the
amount mentioned in FIRC. Hence cannot be considered
as zero-rated supply for the relevant period
following grounds-
I. On perusal of the statement 3 and FIRC details, the
refund claim has been filed based on invoices
raised during the relevant ... declared in statement-3 does not tally with the
amount mentioned in FIRC. Hence cannot be considered
as zero-rated supply for the relevant period
Remittance
-5-
NC: 2024:KHC:33781
WP No. 14827 of 2022
Certificates (FIRCs) before the 3rd respondent. The revenue also
contended that in the FIRAs ... rejected by assigning the
following reasons:
(i) Petitioner had not submitted BRCs/FIRCs along with the
refund claim to indicate proof of receipt of foreign
repayable by the appellants to Komtech. The Foreign
Inward Remittance Certificates [FIRCs] produced by the plaintiff
indicate that the purpose of remittance was reflected ... payment
receipts" and "advance receipts". Two of the FIRCs for an amount of
USD 61506.81 and USD 29,960.00 reflect the purpose
that the refund
has been sanctioned on the basis of e-
BRCs/FIRCs furnished by the claimant,
-4-
WP No. 4587 of 2023
addressed ... unit of the exporter-claimant. There
is every possibility of the same FIRCs being
used to claim refund across other ports in the
country
each and every shortcomings except
Forward Inward Remittance Certificate (for short 'FIRC'). .
5. Learned counsel for the petitioner on instructions
submitted that petitioner ... prepared to furnish FIRC. In the
event of petitioner is in possession of FIRC and it is produced
before the original authority - Trade Development Officer
goric:?alHlstaltezuenltj.thatb
several people gathered there
how the deceased caught firc: "'-..
40. We find filled by the
accused that on the date
