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
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
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
Copy of Export invoices (output service invoice)
along with Foreign Inward Remittance (FIRCs).
(iii) Along with the Rebate Claim ... rebate claims filed by the petitioner.
(ii) Copies of all invoices and FIRCs pertaining to Rebate
Claim 2 and 3.
(iii) Copies of Orders
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
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
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
Garrison Emgomeer (E/M),Air Firce ... vs Jcit.(Tds), Bhopal, Bhopal on 30 October, 2025
IN THE INCOME TAX APPELLATE TRIBUNAL,
AGRA BENCH, AGRA
BEFORE
