What is FIRC in export import business Posted on 30 April 2018 Category : Export The information provided here is part of Export Import Training course online What is FIRC in export import business FIRC means Foreign Inward Remittance Certificate. Once your overseas client pays your sale proceeds to your account, a certificate is issued by your bank in this regard mentioning the details of remittance made by your client. This is a proof of receipt which is required to submit with various government authorities while applying for financial assistance and other government support. The above information is a part of Import Export Training course online Other details on how to import export Exchange rates in the field of exports Does exchange rate of currency effect export business? What happens, if Bank not received money from buyer after discounting of export bills? Is Letter of Credit LC safe for an Importer? Difference between Bank Release Order and Bank Delivery Order Disadvantages of Letter of credit (LC) for Exporter Excise and Customs - Click here to read complete notification under Budget 2014 How to get Export Orders? How to settle dispute in Exports and Imports? Click here to know India Trade Classification(ITC) Pre shipment bank finance to suppliers for exports through other agencies Types of export containers Measurement of export containers Foreign Trade Policy of India 2015-2020 MEIS, Merchandise Exports from India Scheme SEIS, Service Exports from India Scheme Merge your Commercial Invoice and Packing List for all your future exports Export procedures and documentation Is Letter of Credit LC safe for an Importer? Is ON BOARD CERTIFICATE required for LC negotiation What is Rummaging How does First Appraisement system of import customs clearance procedures work? How does Letter of Credit work? How does STP units work in India? How does TT (Telegraphic Transfer) work? How does Wire transfer work in international business? Sea carriers sea exports SEZ benefits Shipping lines worldwide Short shipment in Export business Shut out procedures to get back goods to exporter's place Spelling error in LC? Is wrong spelling a discrepancy under Letter of credit? Stuffing and De stuffing – 2 regular terms used in shipping Surrender of Bill of Lading – Some facts Switch BL What is the difference between BAF and CAF What is the difference between High sea sales and imports What is the difference between re-exports and re-imports How does First Appraisement system of import customs clearance procedures work? How does Letter of Credit work? How does Bill of Lading work in DP payment terms? How does STP units work in India? What is VACIS exam in US import customs clearance The term FCL. What is FCL means How does a Running bond work? Travelers to India under import duty exemption, Frequently Asked Questions Part 2 Triangular shipment Types of Insurance Documents. What is VACIS exam in US import customs clearance When can an exporter release bill of lading from shipping company? When does exporter get EP copy of shipping bill after customs clearance Comments komal verma : On 15 July 2017 My name is komal verma,I work in Bank of india. I have one query regarding FIRC. One of my customer has received payment in Axis bank and the customer will submit the export documents against the payment to us.In order to realise the bill at our end we require FIRC from Axis Bank. Kindly guide whether FEDAI allows to issue FIRC or not.