*Difference Between BRC and FIRC in India:* 1. *BRC (Bank Realization Certificate):* - Issued by banks as proof that *export payments* have been realized in foreign currency. - Required for exporters to claim benefits under *DGFT schemes* (e.g., MEIS, RoDTEP). - It is generated through the *Electronic Bank Realization Certificate (eBRC)* system on the DGFT portal. 2. *FIRC (Foreign Inward Remittance Certificate):* - Issued by banks as proof of *any foreign inward remittance*, including exports, foreign investments, or service payments. - Used for regulatory compliance with *RBI, FEMA, and tax authorities*. *Which Is More Important?* - *For exporters* → *BRC is more important* for claiming government incentives. - *For foreign remittances (non-exports)* → *FIRC is required* for compliance and documentation.