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Accounts Receivable | Export Invoicing & SEZ

Export invoices done right. LUT, FIRC, BRC, IGST refund and SEZ supplies handled.

LUT (Letter of Undertaking) bond verified at the customer master. Export invoices in foreign currency with INR equivalents. FIRC and BRC metadata captured at receipt. IGST paid on exports tracked for refund (RFD-01). SEZ supplies handled separately. Form A1 / A2 for software exports drafted.

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Export Invoicing

What the system does

Capability, input, output.

  • LUT verification

    Input
    Customer master + LUT validity
    Output
    LUT or non-LUT classification

  • Multi-currency invoice

    Input
    Foreign currency + RBI rate
    Output
    INR equivalent invoice

  • FIRC + BRC capture

    Input
    Bank receipt advice
    Output
    FIRC / BRC linked to invoice

  • IGST refund (RFD-01)

    Input
    Non-LUT exports + IGST paid
    Output
    Refund draft for RFD-01

  • SEZ supply tracking

    Input
    SEZ customer + supply
    Output
    Zero-rated, separately tracked

  • Form A1 / A2

    Input
    Software / service export
    Output
    Form A1 / A2 metadata drafted

Compliance + integrations

Export compliance, end to end.

GST, FEMA, customs and Income Tax all touch export invoices. The system handles the GST and FEMA pieces; integrations handle bank realisation; the audit trail captures the chain.

Regulations we work within

  • Section 16, IGST Act (Zero Rating)

    Exports zero-rated; LUT or IGST refund path applied.

  • Rule 96 (RFD-01)

    IGST refund procedure for non-LUT exports.

  • Section 13(2), IGST Act

    Place of supply for export of services.

  • FEMA

    FIRC and BRC reporting per FEMA.

  • SEZ Act, Section 26

    SEZ supply zero-rating.

Connects to

  • GSTN (RFD-01) Refund filing API
  • Bank FIRC / BRC Auto-capture from bank advice
  • AD Banker integration A1 / A2 form drafting

Export Invoicing & SEZ FAQ

What buyers ask.

LUT vs IGST. Which path is better for our exports?

LUT (no IGST paid, no refund needed) is the operationally simpler path for regular exporters. IGST-with-refund is the path for first-time or irregular exporters who can't commit to a year-long LUT. The system supports both paths and tracks the refund where applicable.

FIRC vs BRC. Which one matters for what?

FIRC (Foreign Inward Remittance Certificate) is issued by the bank when the export receipt lands. BRC (Bank Realisation Certificate) is issued by the AD bank confirming the export realisation against an invoice. FIRC is for one receipt; BRC links to one or more invoices. Both captured at receipt.

IGST refund (RFD-01). How long does it take?

GSTN typically processes RFD-01 in 60-90 days. The system drafts the application, files via API, and tracks the status from acknowledgement to disbursement. Notices and queries from the GSTN are surfaced for response.

SEZ supplies vs regular exports. What's the difference?

SEZ supplies (to a unit in a Special Economic Zone) are zero-rated under Section 26 of the SEZ Act, but the supply is to a domestic SEZ unit, not a foreign customer. The GST treatment is the same as exports (LUT or IGST refund), but the bank receipt is in INR and the customer is Indian.

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Related features

Raise your next export invoice with LUT, FIRC and refund tracking.

Connect one entity, free. Tag your export customers with LUT status. The next export invoice carries the right GST treatment, the FIRC links on receipt, the IGST refund drafts where applicable.

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