BRC

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Jitendra (Querist)
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13 November 2010 How to show rate flactuation and exchange difference in BRC in India?
Dear Sirs,

How to fill BRC in bellow condition.

Situation:
Invoice Value is CIF USD 1000 ( exchange rate 44.50 as per shipping bill) = INR 44500.00
Paid Insurance INR 1000.00
Paid Freight INR 5000.00
Received Payment USD 980.00 ( exchange rate 45.50 as per bank advice) = 44590.00
In Column no. 14: already mentioned 9 - (10+11+12) , means the total of column 10,11&12 to be substracted from the column no. 9 which will be INR 38500.00,
So how it will be matched with the amount realised ( USD 980.00 or INR 44590.00)

Kindly tell me proper sollution in above situation and clear the concept to fill the BRC as well .

Thanks & regards
Jitendra

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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13 November 2010 actually when we make the BRC in column no.9, 10,11,12, and 14
invoice value :=USD 1000
INSURANCE=22.47 USD
FREIGN =112.36 USD

FOB WILL =865.17 USD

YOU RECEIVED THE 980 USD IN CIF WRITE IN THIS AMOUNT IN COLUMN NO.14 OF BRC. THOUGH PREPARE BRC AS PER ABOVE SAID BY YOU.

Jitendra

Jitendra (Querist)
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16 November 2010
If we write USD 980.00 in column no 14, how it justifies to 9-(10+11+12)mentioned in the column no.14

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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16 November 2010 possible , will you tell me what is incentive on the above said shipping bill depb or drawback?

Jitendra

Jitendra (Querist)
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16 November 2010 It is just for example. I want to show you actural BRC, kindly give me your emial id.
my id is jitendra_1915@yahoo.co.in

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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16 November 2010
will you tell me what is incentive on the above said shipping bill depb or drawback?

sorry...as per ca club india guidelines we can not send the information on your email id.......

please put up ur queries in "forum" menu i will also attached the BRC.

and also assist u in the above said matter.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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17 November 2010 please noted that "in forum" menu in ca club india you must attached the ep copy of shipping bill and firc / amount relised in the bank.

so that i can assist in the matter and also other experts may assist in the said matter.

regards,

Jitendra

Jitendra (Querist)
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17 November 2010 Actual Situation :

Invoice Value : C&F USD 5789.50 @ 43.15 = INR 249816.93 ( as per shipping bill)
Freight Paid : INR 98013.00 ( as per shipping bill and awb)
Realised Amt. : USD 5753.92 @ 47.15 = INR 271297.33 ( as per Bank Advice)
Received Duty Draw Back : INR 14525.00 ( as per shipping bill)

I want to show realised FOB INR in column no.14 of BRC, means Value of column no. 9-( 10+11+12) which does not match to the FOB value INR 151803.00 ( as per shipping bill).
How to show exchange difference and rate fluctuation difference on the BRC ?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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17 November 2010 DEAR JITENDER ,

I HAVE MADE A BRC FOR YOU PLEASE COME IN FORUM PORTAL.

YOUR PROBLME SOLVED NOW.

RAMESH VERMA

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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17 November 2010 please seee this in link :-

https://www.caclubindia.com/forum/kind-attn-mr-jitender-please-understand-ur-query-112593.asp

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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17 November 2010 ANY QUERY

Jitendra

Jitendra (Querist)
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17 November 2010 THANK YOU VERY MUCH SIR!

I HAVE CHECKED THE ATTACHED BRC, NOW CONCEPT IS CLEAR.

HAVE A NICE DAY!

WITH REGARDS
Jitendra