(i) Authorised dealers should issue certificates in form BCI against receipt of inward remittances or realisation of foreign exchange on security paper if the amount exceeds Rs.15,000/- in value, bearing distinctive serial numbers and reference numbers. In case the amount of inward remittance or realisation of foreign exchange is upto Rs.15,000/- certificates in form BCI with serial numbers and reference numbers may be issued on the letter-head of the authorised dealer (with their Logo printed on it). Since inward remittances received for opening of or credit of Non-Resident (External) accounts/FCNR accounts can be repatriated freely, authorised dealers should not issue certificates against such remittances.

(ii) Authorised dealers may also be required to issue bank certificates to exporters in the prescribed form for submission to the Director General of Foreign Trade immediately after negotiation of documents, but prior to realisation of export proceeds. Such certificates cannot contain the value actually realised and date of realisation of export proceeds. Hence while issuing such certificates authorised dealers may merely indicate the FOB value under column 14 of the certificate without certifying that the amount has been actually realised. Authorised dealers should make a specific remark on such certificates that it is not an export realisation certificate.

(iii) Authorised dealers may also issue a certificate of inward remittances in Form 10 H to assessees for submission to Income-tax Authorities alongwith the Return of Income. The format of Form 10 H has been prescribed in terms of Section 80RRA of the Income-tax Act read with the Rule 29A of the Income-tax Rules and is similar to form BCI.