Change the ad code form one bank to another bank

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 May 2015 Dear Sir,

we can possible to change the AD CODE from one bank to another bank.

if it is possible please provide the process what are the documents its required.

Rgs

Pani

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

23 May 2015 AFTER GETTING THE IEC CODE EXPORTER MUST SUBMIT A LETTER IN THEIR BANK FOR SUPPLYING THE AD CODE.AD CODE IS ALLOTTED AGAINST AN IEC CODE @SHIPMENT DUTY DRAWBACK CREDIT IN THIS ACCOUNT.

in view of above, you can not change...

i will suggest you when you received FIRC /AMOUNT IN YOUR ACCOUNT CAN ISSUE a NOC then after another bank will issue eBRC.

regards,

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Querist : Anonymous

Querist : Anonymous (Querist)

23 May 2015 Dear Sir,

can you explain what is the meaning of e-BRC? Why it's required?

what are the advantages and disadvantages of e-BRC

Rgs

pani

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

25 May 2015 YOU CAN READ FOLLOWING LINK:

https://dgft.gov.in/Exim/2000/PN/PN12/pn0212.htm

noted that When you received the payment from buyer will be submit FIRC (foreign inward remittance certificate) in bank for issuance the BANK CERTIFICATE OF REALIZATION.

FOR e-BRC exporter will submit the :

EXCHANGE CONTROL COPY OF SHIPPING BILL, INVOICE, SDF FORM, BILL OF LADING ALONGWITH THE REQUEST LETTER.

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