We are regularly exporting goods. We have a CC facility with a government bank and recently have opened current account with a private bank. Now we are getting all inward remittances in private bank, it is much quicker and more convenient. We get the FIRC from them and then submit the FIRC along with invoice and all export documents to the other bank, where we have cc facility, to get the BRC. Is this procedure correct? Our old bank is now telling that we should get BRC from the private bank only but it seems the old bank code is given to customs and needs to be changed, but they are not explaining correctly. Kindly advice.
CAclubindia
