Bank Realisation Certificate requirements updated: exporters and authorised banks must verify documents, realisation and attach customs attested shipping bills. Amendment replaces Appendix 22A with a standardized Bank Realisation Certificate requiring exporter declaration of export particulars and attachments (invoices, customs attested shipping bills). Authorised banks must verify documents, certify particulars including freight, insurance and commission, and record FOB value actually realised and date of realisation except for specified credit or line of credit transactions; realisation through freely convertible vostro accounts must be endorsed. Consolidated consignment certificates are permitted and banks other than usual authorised dealers must produce RBI permission to issue BRCs.
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Bank Realisation Certificate requirements updated: exporters and authorised banks must verify documents, realisation and attach customs attested shipping bills.
Amendment replaces Appendix 22A with a standardized Bank Realisation Certificate requiring exporter declaration of export particulars and attachments (invoices, customs attested shipping bills). Authorised banks must verify documents, certify particulars including freight, insurance and commission, and record FOB value actually realised and date of realisation except for specified credit or line of credit transactions; realisation through freely convertible vostro accounts must be endorsed. Consolidated consignment certificates are permitted and banks other than usual authorised dealers must produce RBI permission to issue BRCs.
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