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Ajit Shinde

Ajit Shinde (Querist)
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01 May 2014 What is BRC ??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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02 May 2014 BRC means Bank Realization Certificate issued by bank to their customers against any specific documents. Normally BRC is issued by a bank to their customers who has been in to export business on each shipment of export proceeds. Various export promotion agencies provide incentives, import duty exemptions and other financial assistance to the exporters. These agencies requires to be submitted export proof by exporters to claim such benefits. One of the proof of exports other than export promotion copy of shipping bill (EP copy of shipping bill), Mate Receipt issued by the carrier and/or customs authorized ARE-1 (for goods under central excise only) is Bank Realization Certificate BRC issued by the respective bank who received foreign amount for exporters.

Source: http://howtoexportimport.com/Difference-between-BRC-and-FIRC-200.aspx

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