Firc and brc

FIRC (Foreign Inward Remittance Certificate)

BRC (Banker's Realisation Certificate)

FIRC would be provided by a Banker to its customer, when the customer receives payments from foreign countries.

BRC - This is a prescribed certificate need to be submitted with DGFT, BRC can be taken from Banker after getting the FIRC.  When you apply for A BRC with a banker you need to produce the FIRC Certificate, which would enable them provide BRC.

Regards,

as per para 2.8(iii) of Hand Book of procedures vol-1(2009-2014) persons are exempt from IEC , if they  are importing and exporting for personal USE.

if they are exporting the goods not for personal use can get open the account in PNB custom house so that exporter can get Drawback in their Account.

I have a question,

If the name mention on the FIRC and the name of the customer on an invoice are diffrent then how should we get BRC from the bank.

Does there any specific provision mentioned for that???

MR ASHOK,

FIRC MEANS (Foreign Inward Remittance Certificate)

GENERALLY IN FIRC,  RECEIVING  PARTY  NAME AND ADDRESS MENTIONED , IF WRONG RECEIVING ADDRESS AND NAME , HOW CAN GET ARRANGE THE BRC?????????

REGARDS,

my question is that the customer has a bank account by a diffrent name and the name mentioned on the invoice is diffrent but the money has been remitted by him by an account having diffrent name.

not legible the RBI issue compliance letter against the exporter in this case .

regards,