Question ID :
One of our client received foreign exchange for export done from payee's bank vostro account held with Indian Bank. The said indian bank has issued only credit advice. Upon enquiry they say FIRC is restricted to only FDI. Can we claim GST refund with the Credit advice letter as a proof of convertible foreign exchange received?
Answer ID :
Jan 08, 2019
Banks should be able to provide FIRC. If not providing send a RPAD letter to the branch manager + Higher that this is what is reply from bank.
Where really not available then other collaborative evidence would be accepted but more to ensure there is no fraud/ etc.
Madhukar N Hiregange on
Jan 11, 2019