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Bank Charges (FIRC CHARGES) what the meaning of FIRC Charges?
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Answer Posted / venu reddy
Charges for issuing FOREIGN INWARD REMITTANCE CERTIFICATE.
This certificate will be used to get certain benifits in
tax. This certificate contain the details of the sender,
beneficiay, details of foreign currency, rate applied for
currency if funds received in foreign currency, purpose of
the remittance etc.
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