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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)
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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,

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