APPENDIX - 22,BANK CERTIFICATE OF EXPORT AND REALISATION
This query is : Resolved
khyati parekh
(Querist)
28 February 2008
i want to know what is bank certificate of export and realisation and how it is prepared? that is complete guide line
S.Srinivasaraghavan
(Expert)
29 February 2008
It is a certificate bank will issue for realisation of exports proceeds through them.
CA Manoj Kumar Jain
(Expert)
16 March 2008
Normally Bank issue FIRC (Foreign Inward Remittance Certificate) when any payment is received from foreign contry, for allowing to indian party to take the benifit.
If Payment is received in respect of Export which document was send through the same bank then normally bank issue (attast) the BRC (made by the Exporter) for availing export benifit.
If Payment is received in respect of Export which document was send through the same bank then normally bank issue (attast) the BRC (made by the Exporter) for availing export benifit.
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