| Originally posted by :Rishabh Jain | ||
| " | Originally posted by :Guest " Originally posted by :Rajesh " We have not submitteed export details for realisation of bank from few months hardly 8-9 months? What would have we do? " |
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Cunsult your Bank and submit all the pending export detail at urgent basis
>> Rajesh
vijay
(RM)
(37 Points)
Replied 19 October 2009
Sir, we are DTA supplier to SEZ. Our Excise officer insists that we produce BRC for our sales to SEZ. We effect supplies without payment of duty under a LUT and Form ARE-1 . He says that If we do not get payment for supplies to SEZ in foreign currency account of the buyer, our sales is to considered as a normal sales and duty has to be paid; and the unit in SEZ to get duty drawback from the relevant Development commissioner. Pl elucidate.
________________________
Pramod
(Senior Sales Executive)
(24 Points)
Replied 12 December 2009
| Originally posted by :Rajesh | ||
| " |
What is meaning and importance of BRC (Bank realisation Certificate)? Is it necessory to take BRC for each export invoice raised? Hello Rajesh Sir, Is it necessary to issue BRC certificate ? We are a small exporters and our bank (PNB) charges are very high for issuing BRC. Is their any minimum or maximum limit set by RBI for which no BRC certificate is required ? We receive payment by TT in advance from our buyers. Please clarify. Thank you. |
" |
Pramod
(Senior Sales Executive)
(24 Points)
Replied 12 December 2009
Dear Sir,
Is it necessary to issue BRC certificate ? We are a small exporter and our bank (PNB) charges are very high for issuing BRC. Is their any minimum or maximum limit set by RBI for which no BRC certificate is required ? We receive payment by TT in advance from our buyers. Please clarify. Thank you.
| Originally posted by : Pramod | ||
 |
Dear Sir, Is it necessary to issue BRC certificate ? We are a small exporter and our bank (PNB) charges are very high for issuing BRC. Is their any minimum or maximum limit set by RBI for which no BRC certificate is required ? We receive payment by TT in advance from our buyers. Please clarify. Thank you. |
 |
It is necessary to take BRC for each export realization. Any FC amount you receiced in bank is adjusted by bank through clearance of GR and PNB is charging Rs. 700-900 for per GR clearance. and as concern about BRC, this is a certificate which is issued by bank to certify the realisation of export bill. BRC is helpful for future correspondance regarding FC receipt.
As in your cases you received payment through TT in Advance. In that case, The whole amount of FC is lying pending with bank and when you submit the export document (Copy of Invoice, copy of B/L/Airway Bill and Shipping Bill) bank will clear the GR and adjust the FC with the export. It is applicable on all export proceeds for any value.
All Banks have to submitted a Half yearly report to RBI regarding all receipt of FC. So please dont ignore this, It may be make you defaulter in RBI.
There are a limit of $25000 for which you need not submit SDF form
Limit for GR clearance is given as 21 days in case of Shipped by Sea and 7 days in case of Air Shipment. and 180 days for taking BRC after the date of Export.
>>Rajesh
Gautam
(Accountant)
(22 Points)
Replied 24 December 2009
Hello sir,
Please suggest me that if we have submitted the exports documents in trade section with orginal FIRC's and we have not any receipt from their and as well any photocopy of FIRC for the last year to till now but we are in need to get BRC's,,, how can we get all the BRC's
PANKAJ R. RUPAREL
(DIRECTOR)
(21 Points)
Replied 21 May 2010
WE ARE MANUFACTURERS & EXPORTERS OF PLASTIC ROPES. OUR QUERY IS AFTER EXPORTS THE BUYERS ARE REMITTING PAYMENT THERE IS A SHORT FALL OF ABOUT US $ 30 TO 80 AS FBC (FORWARDING BANK COMMISSION). OUR BANKERS TILL THIS DATE GIVING US THE BRC FOR FULL AMOUNT WHICH IS INVOICE AMOUNT LESS: OCIAN FREIGHT AND THE COMMISSION TO INDENTER AND ANY OTHTER DISCOUNT GIVEN TO BUYER. NOW THEY INSISTS TO GIVE BRC OF INVOICE AMOUNT LESS: FBC + OCIAN FREIGHT + COMMISSION + DISCOUNT TO BUYER. IS THIS A TRUE PROCEDURE OR NOT ?
PANKAJ RUPAREL
Phoenix Jain
(Senior Account Executive)
(21 Points)
Replied 11 September 2010
Dear All,
We are abt to submit our BRC in bank.
My Qtn. is
#1. Where should i submit the BRC?
My IEC code is issued from Mumbai DGFT.
My Total export was taken place from Delhi Port.
And my Bank Realisation was in kolkata. Bcoz, earlier, my head office was here.
#2. Which Jt.DGFT address should i mention in The BRC?
#3.Commission Amount Col.12 ---- Whether Bank Commission deducted or party commission.?
#4.Our export was under duty drawback scheme......Now what is the purpose of submitting the BRCs?
#5. Should we have to submit the original copy of S/Bill (EP Copy) or just a copy??
#6. What will be the date of realisation in case, amount realised in 3 to 4 parts for 1 invoice?
#7. What will be the date of export in Col.4?
#8. What is the Bank reference no???
Our total export was either CIF/CFR.....(NOT UNDER LC)
Pls Reply>>>>>>>>>>>>>>>>
shivam deval
(student)
(212 Points)
Replied 11 September 2010
Dear ashish,
its not necessory send their documents through bank or directly to the buyer,
but as per rule if you send their documents to your buyer through it will be good.
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 24 September 2010
| Originally posted by : Phoenix Jain | ||
|
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REPLY:- IF DEPB AVAILED , SUBMIT ORIGINAL IN CONCERNED REGIONAL LICENSING AITHORITY.
AS PROVISION PROVIDED IN DGFT SITE, YOU CAN ALSO SUBMIT IT IN NEW DELHI (CLA) OR YOUR BRANCH OFFICE IS SITUATE IN DELHI REGION. (IEC) OR YOU ALSO SUBMIT THE DECLARATION IN THIS REGARD. IF WOULD LIKE SUBMIT IN ANY CONCERNED LICENSING AUTHORITY.
AS ABOVE
BANK IN MY OPINION YOU MUST SUBMIT ORIGINAL BRC IN CUSTOMS DEPARTMENT.
IF EDI CASE, NO EP COPY OF ORIGINAL SHIPPING BILL SUBMIT IN CUSTOM DEPARTMENT. MENTIONED , ALL THE CONSECUTIVELY REALISATION DATE.
SHIPPING BILL GENERATE DATE
IT WILL PROVIDE BY THE BANK WHEN YOUR PAYMENT RELEASED.
OK |
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banke bihari jha
(artilcle clerk)
(81 Points)
Replied 01 February 2011
after geting the brc from bank, where should i deposit the original copy of brc, is there any last date for submission of brc for availing drawback which i have already taken.
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 02 February 2011
REPLY:- IF DEPB AVAILED , SUBMIT ORIGINAL IN CONCERNED REGIONAL LICENSING AITHORITY.
CA Vidhi
(AVP)
(22 Points)
Replied 02 February 2011
In case the exporter avails Packing credit in foreign currency, then the conversion takes place on the date from exporter's perspective. On the date of realisation of foreign funds, the bank applies it to the o/s loan and no conversion takes place.
In such case, in the BRC, what should be the rate to be applied in the BRC - rate at which the PCFC was disbursed or card rate on the date of realisation?
CAclubindia
