Non receipt of BRC

[Rajesh Kumar]

Sir/ Madam,

Please inform what are the adverse effect if Bank Realisation Certificate of some export consignments are not received after lapse of more than one year/ two years. Party has taken Refund against these exports. Now department has raised objection to produce previous BRC.

Can they stop refund and ask BRC ?
Is BRC is mandatory in case of exports ?

Can department ask for the GST on that Export consignment of which BRC not received?

What are exact provisions in GST in this regard ?

Thanks

AI Summary

Export proceeds realization: lack of BRC can trigger refund recovery and interest unless acceptable proof like FIRC or e BRC is produced.
BRC is not strictly mandatory under IGST; refund of IGST on exports is linked to realisation of export proceeds under FEMA timelines, and authorities may demand documentary proof (BRC or FIRC) or recover refunded amounts with interest if proceeds are not realised. Electronic verification via EDPMS/e BRC portals and FIRCs are acceptable substitutes for physical BRCs.