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If a company has received advance against exports in ICICI Bank, will an FIRC be issued for this?

No. In terms of FEDAI circular number SPL-04/2016 dated April 21, 2016, FIRC should not be issued for advance payments for exports.

Further, in terms of extant RBI regulations, export documents covering the shipment are to be routed through the bank through which the advance payment is received. Considering the same, no FIRC will be issued for advance against exports by ICICI Bank.