TaxTMI 
TaxTMI 
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.
GOODS EXPORTED UNDER LUT, PROOF OF EXPORT SUBMITTED. BRC AWAITED.
02 Jul 2011 
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Proof of export: export documents can satisfy excise proof though bank realisation evidence may be sought for compliance.
Where exports under LUT are supported by ARE 1, shipping bill, invoice and bill of lading or airway bill, Excise will accept those documents as Proof of Export without requiring a Bank Realisation Certificate; however, BRC remains relevant to demonstrate foreign exchange realisation under FEMA and may be requested by RBI, DGFT, customs in drawback scrutiny or during audits, and alternative bank or auditor certifications are used where BRC is not obtainable. (AI Summary)
Where exports under LUT are supported by ARE 1, shipping bill, invoice and bill of lading or airway bill, Excise will accept those documents as Proof of Export without requiring a Bank Realisation Certificate; however, BRC remains relevant to demonstrate foreign exchange realisation under FEMA and may be requested by RBI, DGFT, customs in drawback scrutiny or during audits, and alternative bank or auditor certifications are used where BRC is not obtainable. (AI Summary)