Export payments from paypal - dgft closure process

Hi, I started exporting small shipments via PayPal through commercial mode from Pune. Banker is ICICI. To close the Shipping bill, ICICI bank asked CItibank for the FIRC's - which were provided on payment. However, CITIBANK FIRC only mentions amount and date when it was not received - not the senders details. Has any exporter faced this issue? What is the solution?
Replies (4)

Such problem generally arises when payer bank credits the payment in rupee currency. Ask Paypal to directly credit the foreign currency to your ICICI bank account. Then to issue FIRC with complete details will be over your Banker. May write to Citi Bank to give the certificate as per RBI directives.

Hello Mr. Rambhia,

Unfortunatley, that is the main issue - PayPal only credits in rupees through Citibank. No option to get a direct $ credit.

Using PayPal is super easy for both seller and buyer - but these bank guys have made life hell. I took the buyer details directly from PayPal and gave them - now they are saying why does the name not match the GR copy (even when value, date etc match).   

Any other exporter has faced this issue? And how did they resolve it.

Hello , 

 I am facing same problem, Have you got soloution on this , Pls help.

After escalating to ICICI senior management, they agreed to take the PayPal remittance confirmations as proof (which I provided) and closed the GR's 

Now the new issue is that in some cases the details of the payee do not match the place/person we shipped to. So now 10 such S.B's are held up and the morons want me to get a declaration signed from the buyer. So just keep banging your head on the wall while China races ahead. We are a clerk mentality people - everyone from Govt to Private sector - its a hopeless situation.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details