The Directorate General of Foreign Trade vide its notification dated 17th March 2022, has amended the Guidelines of ANF-4F of Handbook of Procedures, 2015-2020 to allow submission of FIRC (Foreign inward remittance certificate) in case of exports made to OFAC (office of foreign assest control) listed countries under Advance Authorization.
As per the amendment, e-BRC / Bank Certificate of Exports and Realisation in the form given at Appendix 2U or Foreign Inward Remittance Certificate (FIRC) in the case of direct negotiation of documents or Appendix 2L in case of offsetting of export proceeds. In case of export to OFAC listed countries, exporter may submit FIRC along-with the self-declaration that e-BRC (electronic Bank Realisation Certificate) could not be generated by the concerned bank.
