Bank Realisation Certificate and FIRC: What Finance Teams Should Store
BRC/FIRC-type evidence connects export invoices to money received. Without invoice-wise mapping, GST refund, export ageing and audit files become difficult to defend.
For broader context, see the NRI, RBI and International Transactions Hub.
Storage checklist
| Field | Why store it |
|---|---|
| Customer and invoice number | Maps receipt to export supply. |
| Currency and amount | Supports forex and revenue reconciliation. |
| Receipt date and bank account | Closes receivable ageing. |
| Exchange rate and charges | Supports accounting entry. |
| Certificate/advice copy | Evidence for GST, audit and export file. |
For the connected rule, example or next step, see Export of Services Realisation: RBI Evidence Checklist.
Monthly practice
- Maintain invoice-to-remittance tracker.
- Request bank certificates promptly.
- Attach certificate to invoice folder.
- Reconcile with GST export turnover.
- Track unmatched receipts separately.
For the connected rule, example or next step, see Tax Refund Held Due to Bank Validation or Demand.
Finin2min warning
Official sources used
This article is intentionally source-limited to official RBI / India Code material. Verify final filing positions with the latest FEMA Act, regulations, RBI directions, bank instructions and portal advisories before publishing.
- India Code: Foreign Exchange Management Act, 1999 official record
- RBI: Master Circular on Export of Goods and Services
FAQs
It supports export realisation, GST refund, books and audit.
Yes. Mapping prevents unmatched remittance issues.
Keep bank advice and follow up for formal evidence.
Source and review trail
Use the current official instrument, portal or regulator publication before acting. This panel separates the category authority from page-specific references.
- Primary category
- FEMA & International Tax
- Official starting point
- www.rbi.org.in