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FIRC REGULARIZATION, Banking - Finance

Issue Id: - 108769
Dated: 19-6-2015
By:- Eeranna Halakatti

FIRC REGULARIZATION


  • Contents

We are dealing with exports of Sheet Metal Enclosures. Foreign customers will remittance the amount to our bank account against the invoices and banker will issue the FIRC for same.

Query:

  1. After getting the FIRC is it mandatory to regularize?
  1. If it is mandatory then what is threshold limit?

I would request you to suggest me in this regard.

Eeranna Halakatti

Posts / Replies

Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 22-6-2015
By:- YAGAY AND SUN

you need to get the FIRC converted in BRC. Discuss the procedure with your Banker.


Page: 1

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