• DGFT Matter - Export Incentive

Hi- I export service . 
Bank provides Transaction advice ( All banks stopped providing FIRC 2 years ago. now 'Transaction advice is considered as FIRC ) . 
 As you know 'Service Export' is export as per GST rule but as per RBI rule it is not Export and banks do not provide BRC or do not upload any BRC XML in DGFT website.

DGFT does not have any record about my export. Also I am not required to file with DGFT.

1> Can you please tell me if I am allowed to get EXPORT benefits ( I think 2% -5% incentive ) ?

2> I heard DGFT does not deposit cash in Bank instead they provide a Coupon and That coupon can NOT be used for making GST RCM payment for import. 
So I have no use for it .

I heard I can sell that Coupon to other party But very complex procedure .

Please guide.

Thanks
Asked 6 years ago in GST

Yes it is correct

Vivek Kumar Arora
CA, Delhi
5015 Answers
1138 Consultations

Dear Sir/Ma'am,

 

Yes, your understanding is correct.

 

Could you please connect over call/mail for detailed discussion?

Payal Chhajed
CA, Mumbai
5189 Answers
302 Consultations

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