GOODS EXPORTED UNDER LUT, PROOF OF EXPORT SUBMITTED. BRC AWAITED.

[Anil Gagneja]

WE HAVE EXPORTED THE GOODS UNDER LUT AND FILED THE PROOF OF EXPORT WITH RELEVANT EXPORT DOCUMENTS WITHOUT BRC.

KINDLY CONFIRM BRC IS MANDATORY REQUIREMENT OF PROOF OF EXPORT OR NOT.

AI Summary

BRC Not Mandatory for Proving Export Under LUT; ARE-1, Shipping Bills, and Invoices Sufficient for Excise Authorities A discussion on a forum addressed whether a Bank Realization Certificate (BRC) is mandatory for proving export under a Letter of Undertaking (LUT). Multiple contributors agreed that BRC is not necessary for submitting proof of export to excise authorities, as documents like ARE-1, shipping bills, and invoices suffice. However, BRC is important for completing the export process and may be required by other departments like DGFT and RBI for financial verification and audits. Some contributors emphasized the importance of BRC for ensuring compliance with regulations and for future audits, despite it not being immediately necessary for excise purposes.