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TMI BlogExport of Service - Payment received in Indian Rupees with support of FIRCill ths thX X X X Extracts X X X X X X X X Extracts X X X X ..... My query is as under: One of our clients receives payment against the export of Service in Indian Rupees in his bank account directly from the overseas bank of the Customers with the supporting docu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment in form of FIRC. Will this qualify for the exemption under export of Service or the receipt against FIRC is enough to prove that the Service has been exported and the payment is received as req ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uired in Foreign currency as supported by FIRC? Please confirm. - Reply By Pradeep Khatri - The Reply = In this scenario the FIRC should be converted to BRC to avail the benefit of export of servi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ces. - Reply By Vinay Kunte - The Reply = Can you please explain the term BRC? - Reply By KAMARAJ RENGARAJ - The Reply = BRC= BANK REALISATION CERTIFICATE ISSUED FROM BANK WHICH IS ACCEPTED BY THE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EXCISE AUTHORITIES AS PROOF OF PAYMENT FOR THE EXPORT. - Export of Service - Payment received in Indian Rupees with support of FIRCill ths th - Query Started By: - Vinay Kunte Dated:- 7-7-2013 Serv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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