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Manish Kumar Sharma (Querist)

27 July 2010 We have exported some goods (Granites Tiles) from india to other country against Bank LC. we received foreign receipt in our bank accounts but same was not received exact buyer name. our LC was due exceed 180 days . Bank want to FIRC
or charge intrest in our account. because receipt was not indentify by bank.
We have receipt all payments in our books & bank accounts. Bank wants certificate from our side to confirm Foreign Receipt.
Can we issue such certificate to Banker.
does it effect in our future business.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

27 July 2010 DEAR SHARMA JI,

HOWEVER BANK INTENTION IS RIGHT.

WILL YOU PROVIDE THE DETAIL OF BUYER & SELLER, E.S.C, AND COPY OF LETTER OF CREDIT AND EP COPY OF SHIPPING BILL SO THAT I CAN EXPLAINED YOU.

REGARDS

Manish Kumar Sharma

Manish Kumar Sharma (Querist)

27 July 2010 Can we issue certificate to banker stating that all the receipt is from our buyer. we are confirm about receipt.

Manish Kumar Sharma

Manish Kumar Sharma (Querist)

28 July 2010 I want to clerifaction

Ashok Asthana

Ashok Asthana (Expert)

04 June 2011 I am sure you must have received payment through the Bank through whic LC was opened. Then where is the question of your providing a certificate. It is the Bank who should issue FIRC.

Mr. manish, Please make your question more comprehensible and clear.

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