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.
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.
CAclubindia
