FIRC certificate submission to RBI

This query is : Resolved

sidharth bajaj (Querist)
Follow

03 October 2009 I am a software developer who has clients abroad. I received dollar remittances into my bank account.

Do i need to make any declarations to RBI ?

I recently was sent a FIRC certificate by my bank (i dint ask for it), i haven't been sent this for any previous remittances. Do i now need to submit this with RBI ? I don't have an Import export code, because after reading around it seemed unnecessary.

I provide services to clients and have no
shipping bills hence, only invoices.

If i do have to submit the FIRC with RBI, how do i do so and so what all documents do i need to submit ?

Rajeev

Rajeev (Expert)
Follow

04 October 2009 FIRC is just a certificate from the bankers that forex is received in your account .

Any info if required to be sent to RBI will be sent by your bankers . i dont think you are required to send any thing to RBI

sidharth bajaj

sidharth bajaj (Querist)
Follow

04 October 2009 Thanks rajeev.

So basically all these formalities are only for exporters of goods who will be shipping them through customs and not for service exports ?

thanks
sid

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Jeegar Valera

Dhananjay Patil

Manik Anant Kale

nandeesh mashyal

Vinod Selv

Subscribe Now

FIRC certificate submission to RBI

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA