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
(Expert)
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,
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
