|Definition||:||Bank Realization Certificate|
|Category||:||Business » Banking|
What does BRC mean?
Bank Realization Certificate (BRC) is a certificate issued by banks to indicate that the exporter has obtained payment from his buyer towards the export of goods. BRC is issued on the realization of payment against each shipment of export. It is used for claiming benefits under the various schemes of the Foreign Trade Policy (FTP).
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Frequently Asked Questions (FAQ)
What is the full form of BRC in Banking (India)?
The full form of BRC is Bank Realization Certificate