purpose of BRC
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 July 2011
may i konw what is purpose of BRC for export
13 July 2011
WHEN YOU EXPORT / IMPORT THE PAYMENT PROVIDING BY THE BUYER COMES UNDER THE PURVIEW OF RESERVE BANK OF INDIA.
it is mandatory to make the BRC and after authenticate it from banker.
otherwise contravention will apply fema .hence BRC is a important evidence for exporter.
it is mandatory to make the BRC and after authenticate it from banker.
otherwise contravention will apply fema .hence BRC is a important evidence for exporter.
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