BRC certificate for old shipment

[Guest]

Dear sir,

We have not received the BRC certificate from bank for the documents which we had shipped in the year 2013-14 & 10-11. As there was alert in the DGFT site for non submission of BRC the shipment has been kept on hold.

We had received the Inward Remittance copy for the shipment made but forgot to submit the documents for getting the BRC certificate as the person who used to handle had left the company. Now when we contacted our bankers i.e. State Bank of India they informed that penalty charges will be applicable for issuing the BRC. Could you please advise us whether this is applicable for getting the old BRC.

[DR.MARIAPPAN GOVINDARAJAN]

In my view yes

[MUKUND THAKKAR]

Approach bank for BRC . old BRC need in to certain format. on line BRC is not.

[YAGAY andSUN]

You must have FIRC against these Export invoices. Submit these FIRCs along with bank reference number i.e. against which you had sent export documents to your foreing customer for collection purpose, to get it converted in BRCs.

[KASTURI SETHI]

Relevant extract of Circular No. 37/11/2018-GST, dated 15-3-2018

12. BRC/FIRC for export of goods : It is clarified that the realization of convertible foreign exchange is one of the conditions for export of services. In case of export of goods, realization of consideration is not a pre-condition. In rule 89 (2) of the CGST Rules, a statement containing the number and date of invoices and the relevant Bank Realisation Certificates (BRC) or Foreign Inward Remittance Certificates (FIRC) is required in case of export of services whereas, in case of export of goods, a statement containing the number and date of shipping bills or bills of export and the number and the date of the relevant export invoices is required to be submitted along with the claim for refund. It is therefore clarified that insistence on proof of realization of export proceeds for processing of refund claims related to export of goods has not been envisaged in the law and should not be insisted upon.

AI Summary

Bank Realisation Certificate requirement clarified: realization not a prerequisite for processing export-of-goods refund claims under GST regime. Exporters without historic BRCs should approach their banks for issuance or conversion of available FIRCs into BRCs, noting banks may impose charges and older shipments may require specific non-online formats. Circular No. 37/11/2018-GST clarifies that realization of foreign exchange is not a pre-condition for export-of-goods refund claims; refund submissions require shipping bills and export invoices rather than mandatory BRC/FIRC proof.