Direct negotiation of export documents 2.26.2

In cases where the exporter directly negotiates the document ( not through the authorised dealer) with the permission of the RBI, he is required to submit the following documents for availing of the benefits under the export promotion schemes:

a. Permission from RBI allowing direct negotiation of documents (however this is not required for status holders who have been granted a general permission),

b. Copy of the Foreign Inward Remittance Certificate (FIRC) as per Form 10-H of the Income Tax department in lieu of the BRC and

c. Statement giving details of the shipping bills/ invoice against which the FIRC was issued.