bona-fides of the transaction
and export documents, such as, invoice/ FIRC.
(ii) AD bank should consider the FATF statements while handling such
transactions ... bona-fides of the transaction and export
documents, such as, invoice / FIRC. (ii) AD bank should consider
the FATF statements while handling such transaction
Moreover when assessee has produced relevant' documents viz.
copies of FIRC before the AO to prove the fact that the export
This
investment made:
(i) Foreign Inward remittance certificate of INR
1466 crores (FIRC copy from bank evidencing
equity infusion/share capital).
(ii) Audited financial statement
filed
his bank statement alongwith the bank advises for the
remittance and FIRC Issued by the bank for the remittances.
The appellant has proved
filed his bank statement alongwith the bank advises for the
remittance and FIRC issued by the bank for the remittances. The
appellant has proved
also sent to the assessee to submit the
documents:
a.) Copies of FIRC/BRCs issued by the bank evidencing
realization of export proceeds ... withdrawal sheet).
20.3 The assessee admitted and assured to submit the FIRCs
during personal hearing dated 03.03.2023 and also assured to
submit the above-mentioned
also sent to the assessee to submit the
documents:
a.) Copies of FIRC/BRCs issued by the bank evidencing
realization of export proceeds ... withdrawal sheet).
20.3 The assessee admitted and assured to submit the FIRCs
during personal hearing dated 03.03.2023 and also assured to
submit the above-mentioned
also sent to the assessee to submit the
documents:
a.) Copies of FIRC/BRCs issued by the bank evidencing
realization of export proceeds ... withdrawal sheet).
20.3 The assessee admitted and assured to submit the FIRCs
during personal hearing dated 03.03.2023 and also assured to
submit the above-mentioned
