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Bank realisation certificate ( in india)

sandesh (Articles) (53 Points)

19 October 2012

Plz provide information in BRC documentation & handling .( India Only)

Plz ensure before providing advice , matter of fact and source would be real or fessible. Right now i am working for BIG 4 , but require knowledge source from CA CLUB OF iNDIA.

Thanks

Sandesh Jadhav

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deepali agarwal (Company Secretary) (1289 Points)
Replied 20 October 2012

nce the export proceeds are realized, the exporter has to prepare bank certificate of export and realization as per form No. 1 in Appendix 25 of Handbook of procedures 1997-2002, for the purpose of claiming import licences. To prepare this certificate, the date of realisation is most essential, as the exporters have to apply for the import replenishment licence within six months following the month/quarter of the realization month. The exporter should incorporate the following details in the bank certificates:

Sr.No.	Particulars
1	The importer/exporter code number,
2	The licensing authority to whom the bank certificate is to be submitted,
3	The name and address of the shipper,
4	The name and address of the bankers through whom the documents have been routed,
5	Whether the documents were sent for collection, negotiation or purchase,
6	The number and date of invoice,
7	Number and date of the Export promotion copy of the shipping bill,
8	Descripttion of the goods exported,
9	The number and date of Airway bill / Post parcel receipt,
10	Destination of the goods,
11	The Bill amount in foreign currency,
12	Freight amount paid, which is mentioned on the Airway bill/Post Parcel receipt/Mate receipt,
13	Insurance Amount as per Insurance company's bill/receipt,
14	Commission /discount paid or payable,
15	Whether the export is in freely convertible currency or in Indian Rupees,
16	FOB value of actual realization in free foreign exchange and in Indian Rupees,
17	Date of realization of export bills,
18	GR/PP form No. & date,
19	No & date and category of applicable licence.

This bank realization certificate should be signed by the authorized signatory of the firm /company with full name in capital letters and official and residential addresses. The place and date of bank certificate should be mentioned. Official seal and stamp should be affixed.