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What is brc and firc

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 April 2012
I would like to know what is BRC and FIRC is it mandatory? and what is the procedure please eloborate?

alongwith that how to avail drawback when goods shipped by fedex/dhl??
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CA CS PRASHANT

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CA CS PRASHANT (Expert)
01 April 2012 BRC stands for bank realisation Certificate which is eseential when we will realize the remittances for export of goods.

FIRC stands for Foreign Inward remittances Certificate which is also essential when we will realize the foreign currency and exchange the same for india currency.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
08 April 2012 The expert has correctly given the reply and I agree with him
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