Why is the FIRS important to your beneficiaries in India?

  • Serves as an evidence for receiving international payments
  • Is a must for the beneficiary’s bank to issue the - 
  • Foreign Inward Remittance Certificate (hereon referred to as “FIRC”) and 

  • Bank Realisation Certificate (hereon referred to as “BRC”)

  • The FIRC & BRC are crucial documents required by DGFT (Directorate General of Foreign Trade), Central Board of Indirect Taxes, and Customer or similar authorities to claim any export-related incentives, custom duty exemptions, refunds on service tax, or any other financial assistance
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