Foreign Inward
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2011
one of my customer wanted some contemporary paintings worth hundred thousand USD and he asked us not to export. He will come as a person and take it. Then is it legal? Is it possible to get foreign remittance through bank.
24 March 2011
Foreign Inward Remittance Certificate (FIRC) is a document that is a must for all the remittance that comes into a country. This document works as a proof that money has been sent from a foreign country. When someone receives money from a foreign country, it is mandatory for him to have an authorized bank account. This money is then transferred to his account with the help of a dealer, and it is generally authorized by the central bank of the home country.
for more info:-
(1)https://www.caclubindia.com/forum/foreign-inward-remittance-93049.asp
(2)
https://www.rbi.org.in/scripts/BS_FemaNotifications.aspx?Id=164
for more info:-
(1)https://www.caclubindia.com/forum/foreign-inward-remittance-93049.asp
(2)
https://www.rbi.org.in/scripts/BS_FemaNotifications.aspx?Id=164
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