though
the appellant had produced copies of invoices along with copy of
FIRC for the period of export proceeds, there was no correlation
between ... exported services and Foreign Inward Remittance
Certificate (FIRC). In the said show cause notice, copy of the
agreement with client was called for verification
issue regarding non-furnishing of Foreign Inward
Remittance Certificate (hereafter 'FIRC').
8. According to the petitioner, it was not feasible to co-relate ... invoices with separate FIRCs and a consolidated FIRC would be
sufficient to claim the refund for the unutilised Input Tax Credit.
9. The petitioner filed
that in most of the cases
value/amount as indicated in the FIRCs against
the corresponding export invoices as reflected
in statement 2 (as uploaded ... required to reconcile
the differences noticed, export invoices wise vis
- a- vis FIRCS.
2. The copies of export invoices not uploaded in
order to ascertain
issue regarding non-furnishing of
Foreign Inward Remittance Certificate (hereafter 'FIRC').
8. According to the petitioner, it was not feasible to co-relate ... invoices with separate FIRCs and a consolidated FIRC would be
sufficient to claim the refund for the unutilised Input Tax Credit.
9. The petitioner filed
also faulted the petitioner for not
filing the Foreign Inward Remittance Certificates (FIRCs) in the requisite
format. Apparently, the petitioner had filed a consolidated FIRC ... voluminous transactions of export of services to customers
outside India, transaction wise FIRCs is not feasible. It was held that the
FIRC issued from bank
evidenced by the following:
a Copies of Foreign Inward Remittance Certificate (FIRCs)
issued by its Authorized Dealer Bank,pursuant to monies
received from Cleartrip ... Reserve Bank of
India
d. Copies of Foreign Inward Remittance Certificate (FIRCs')
issued by the Authorized Dealer Bank, pursuant to monies
received from Cleartrip
wise export
realized as claimed by the assessee with reference to the FIRCs
and consider the export turnover to the extent the proceeds are
realized ... appreciating that the assessee had applied to the Bank for
obtaining the FIRCs relating to the onsite development charges.
14. Erred in excluding "Export
received by the Engineers. The appellant had received Foreign
Inward Remittance Certificates (FIRC) and also furnished the same
before the adjudicating authority. Similarly, the technical ... received in Indian Rupees as can be seen from the FIRCs. Therefore, as
per Rule 3 and Rule 4 of the FEMA 2000 Regulations
form of FCGPR
(b.3.) Foreign Inward Remittance Certificate (FIRC)
[placed at Pg 72 to 85 of paper-book]
(c) Vide letter filed ... submitted name &
address of the non-resident investor, copy of FIRCs, FCGPR filed
with RBI and valuation report to support issuance of shares
asked for documents Bank Realization Certificate(BRC) and
Foreign Inward Remittance Certificate(FIRC) in respect of
payment received for the shipments(at least two shipments ... Bank(Punjab and
Sindh Bank) has not issued any FIRC of any of the exports Bills as
where was no practice to do so. However
