Brc

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Alok Saxena

Others

24 Points Joined July 2014

We are readymade garments Merchant Trader. We had been sending various shipments to Sri Lanka towards the orders of our Customer in UK. The invoices have the notify party address as UK customer and Sender is ours. We are getting the payments of all these invoices from customer as accumulated with commission. there was no drawback on these shipments. We have not given the documents to bank as we are getting the payment through bank transfer and there was no drawback. Now we got to know that papers towards every forex payment needs to be given to bank for BRC within 21 days. My query is that can these be done now, after 11 months? we had approached the bank and they refused to entertain this.

Please advise

regards

alok

Replies (2)

RAMESH KUMAR VERMA

Advocate

5974 Points Joined November 2014

IF YOU HAVE RECEIVED THE PAYMENTS FROM YOUR BUYERS SUBMIT DOCUMENTS FOR UPLOADING THE e-BRC IN BANK , SUBMIT THE INVOICE, PACKING LIST,SDF FORM,EXCHANGE CONTROL COPYOF SHIPPING BILL AS WELL AS COPY OF BILL OF LADING IS MANDATORY.

CMA Ramesh Krishnan

Cost & Management Accountant

71609 Points Joined September 2008

You can submit the documents with only request with delay reason and ask the BRC. even banker has to close those issues , they may waiting for documents, if they get they will accpet the same