Service exports and ebrc
This query is : Resolved
20 June 2015
I have a situation , wherein one of my clients who has done Service exports and has submitted Invoices and all other valid supporting documents for issuance of Ebrc. Against which we have issued Ebrc's.
Issue is : The client has also given us Hotel Bills, and Transport Bills of its Engineers & their family members, who were sent abroad to execute the contract.They had remitted the cost to their officials abroad , and have also received the reimbursement from their foreign client. Now our client wants the reimbursement received to be treated as Export receipts, and is pushing us to issue Ebrc for the same. Can we do it , is it permissible under the law.
Issue is : The client has also given us Hotel Bills, and Transport Bills of its Engineers & their family members, who were sent abroad to execute the contract.They had remitted the cost to their officials abroad , and have also received the reimbursement from their foreign client. Now our client wants the reimbursement received to be treated as Export receipts, and is pushing us to issue Ebrc for the same. Can we do it , is it permissible under the law.
27 June 2015
Foreign Inward Remittance Certificate (FIRC) or Bank Realization Certificate (BRC) is not required to be submitted by exporters now to claim benefits from Director General of Foreign Trade. As per the new developments, the details of inward remittance is linked with the software system of DGFT, where in the details are electronically transferred.
29 June 2015
You are correct, but the AD Bank uploads the I/W remittance details post settlement of the Export realisation on the DGFT website. Once uploaded on the Site, Electronic Bank Realisation Certificate ( Ebrc) , gets visible to the exporter. They need to print the EBRCs, to claim benefits thereafter. The AD Banker uploads the DGFT website manually.
My question remains unanswered, ie: Are the Hotel Bills & Transport Bills , presented separately by a SERVICE exporter , qualify for issuance of EBRC.
My question remains unanswered, ie: Are the Hotel Bills & Transport Bills , presented separately by a SERVICE exporter , qualify for issuance of EBRC.
29 June 2015
FIRCs are indeed issued by AD Banks , for FCY Inward Remittances in liue of Export Advance. For Export realisation , issuance of FIRC is avoided, instead the documents lodged are used to settle and knock off the Bills.
My question is , if Hotel Bills and Transport Bills presented separately by a Service exporter for issuance of EBRC. Is it valid
My question is , if Hotel Bills and Transport Bills presented separately by a Service exporter for issuance of EBRC. Is it valid
30 June 2015
if you are service provider does not require any shipping bill details but CA certificate will be given to the concerned Authority.
01 July 2015
No, Commercial Invoice is required. CA certificate does not serve the purpose. The Regulators wants the AD Banks to do a due deligence before crediting clients account. Hence a Bankers authentication is required to issue EBRC , for claiming Export benefits.
My actual question is not getting answered.
My actual question is not getting answered.
02 July 2015
actually you are service provider and your foreign exchange earnings will be certified by CA after tally with FIRC s .
Regards,
Regards,
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