Brc

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 December 2011 Please define the process of Bank Realisation Certificate (BRC). if we foreign inward remittance or received advance remittance.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

22 December 2011 before export exporter search the buyer then they conversion each other and execute export sales contract.

after this buyer open the L/C, or Remit the money on exporter a/c.

NOW CHA TAKING THE COMMERCIAL INVOICE, INSURANCE CERTIFICATE, PACKING LIST, CERTIFICATE OF ORIGIN FINALISE THE SHIPPING BILL AND PROVIDE TO EXPORTER AFTER SETTLE THE CHARGES BETWEEN THEM.

NOW EXPORTER MAKE A REQUEST LETTER IN FAVOR OF CONCERNED BANKER REGARDING ISSUANCE THE BRC ALONGWITH DOCUMENTS exchange control copy, sdf copy, bill of lading, firc and L/C.

THEN BANK AUTHENTICATE THE BRC AND HANDED OVER TO EXPORTER.

EXCEPT IT , IF YOU HAVE TAKE ANY KNOWLEDGE , TELL ME, I ASSIST YOU,

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now