BRC FIRC for export of goods under GST – Circular number: 37/11/2018-GST dt. 15.03.2018 for
BRC FIRC for export of goods under GST: It is clarified that the realization of convertible foreign exchange is one of the conditions for the export of services. In the case of export of goods, the 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 the export of goods has not been envisaged in the law and should not be insisted upon. Read the complete circular below: