FIRC certificate submission to RBI

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sidharth bajaj (Querist)
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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)
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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)
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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

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