Foreign inward remiitance certificate

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udaykumar (Querist)
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09 July 2013 What are the Documents to be submitted to ger FIRC from bank.

is it Must to get bank realization certificate for our exports?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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11 July 2013 When you receive funds from out of India , these will be credited to your account in Indian currency. Your banker will arrange for a certificate (FIRC) which contains the following details : original currency / equivalent indian currency / transferor bank etc., As a procedure, this Certificate will come to the address of the account holder. In case if you dont receive, you can contact the banker ( concerned executive who looks after RBI ) related works.

No need to submit Shipping Bill or B/L with request of FIRC. you can request to bank for issuance FIRC with reason for receipt of FC. As per RBI Guideline there are a time limit for submit these documents to Bank this is 180 days in case of Ship and 21 days in case of AIR.