Firc reporting.

This query is : Resolved

Srirang Mahabhagwat (Querist)
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11 November 2011 Dear Friends,

In case we dont get the FIRC Certificate from the Bank how should be do the FIRC reporting to the RBI within 30 days.

Thanks & Regards

RG - A Helping Hand

RG - A Helping Hand (Expert)
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12 November 2011 Dear Friend,

No FIRC means no reporting…simple.

Simply figure out the reason why AD is not giving you the FIRC. It is the duty of Authorised dealer banker to provide you the copy of FIRC for RBI filing after remitting the funds in India.

If time is running then file declaration with RBI without FIRC so that compliance (time line wise) can be done on your part. After collecting FIRC file it later with RBI

RG