Dear Vijay, FIRCs (Foreign Inward Remittance Certificates) are foreign inward remittance certificates issued by the bank crediting the recipient's account, as a regulatory requirement. It generally contains - original currency / equivalent Indian currency / transferor bank etc.
Further, FIRC is treated as documentary evidence by most of the statutory authorities for confirming the validity of the foreign money received by the beneficiary against the declared purpose of remittance received. Trust above clarifies your query. On Fri, Jan 8, 2010 at 12:40 PM, vijay <[email protected]> wrote: > Dear Sir, > > Can anybody advise me the rules of FIRC,basically our company has recd some > funds from our client at Canada ( inward remittance) .Please advise how to > get the same because our banker is saying that they can only issue the > inward remittance certificate not FIRC. > > Please give us the complete details of FIRC , on which cases the bank has > to issue the same, or this is the enough proof to satisfy the govt > authorities > > Regards. > VIJAY SINGH > > > > __________ Information from ESET Smart Security, version of virus signature > database 4724 (20091229) __________ > > The message was checked by ESET Smart Security. > > http://www.eset.com > > -- > You received this message because you are subscribed to the Google Groups > "Skorydov MyTaxAssistant Member Group" group. > To post to this group, send email to > [email protected]. > To unsubscribe from this group, send email to > [email protected]<skorydovmytaxassistant%[email protected]> > . > For more options, visit this group at > http://groups.google.com/group/skorydovmytaxassistant?hl=en. > >--
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