How to get firc certificate when payment received in inr
This query is : Resolved
14 November 2011
One of our client from Saudi Arabia had make the payment in INR through RTGS in our current account against export of one machine. Now I want to know how to get the FIRC certificate for this payment. As our Bank has received the payment in INR through RTGS, I guess our bank will not issue FIRC as they have not got any foreign remittence.
Plz. help me on this issue.
Thanks and regards
Sundeep Rajput
Plz. help me on this issue.
Thanks and regards
Sundeep Rajput
RAMESH KUMAR VERMA
(Expert)
14 November 2011
Foreign Inward Remittance Certificate(FIRC) is issued by the
bank to the Exporter(A/c holder) on receipt of export
proceeds in Foreign Currency.
On receipt of FIRC the Exporter is required to submit FIRC
with export document copies for endorsement. On receipt of
these the bank will issue Bank Realization Certificate(BRC)
IN VIEW OF ABOVE GO TO BANK AS WELL AS REQUEST LETTER ALONG WITH COPY OF SHIPPING BILL(EXCHANGE CONTROL COPY), INVOICE, B/L(AWB), BANK ISSUE THEN BRC .
bank to the Exporter(A/c holder) on receipt of export
proceeds in Foreign Currency.
On receipt of FIRC the Exporter is required to submit FIRC
with export document copies for endorsement. On receipt of
these the bank will issue Bank Realization Certificate(BRC)
IN VIEW OF ABOVE GO TO BANK AS WELL AS REQUEST LETTER ALONG WITH COPY OF SHIPPING BILL(EXCHANGE CONTROL COPY), INVOICE, B/L(AWB), BANK ISSUE THEN BRC .
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