Compliance

Which purpose codes are supported by Cashfree?
  Purpose code  Type of transaction  Description P0103 Goods  Advance receipts against export contracts, which will be covered later by GR...
Wed, 20 Jan, 2021 at 10:10 AM
What is Foreign Inward Remittance Statement (FIRS)?
Foreign Inward Remittance Statement (FIRS) is a document that serves as proof of a foreign transfer to India. 
Wed, 20 Jan, 2021 at 10:11 AM
Who needs a FIRS?
Indian sellers/service providers who receive international payments from their customers. 
Wed, 20 Jan, 2021 at 10:11 AM
Who issues the FIRS?
Cashfree’s banking partner would issue an e-FIRS against every transaction to the beneficiary’s email address.
Wed, 20 Jan, 2021 at 10:11 AM
Why is the FIRS important to your beneficiaries in India?
Serves as an evidence for receiving international payments Is a must for the beneficiary’s bank to issue the -  Foreign Inward Remittance Certificate ...
Wed, 20 Jan, 2021 at 10:14 AM
Who would issue the BRC & FIRC?
Upon verification of the FIRS and relevant documents submitted by the seller (invoices, bill of entry, etc) the beneficiary bank would issue the FIRC & ...
Wed, 20 Jan, 2021 at 10:15 AM
How to ensure that your seller/service provider gains instant access to FIRS?
While initiating a transfer request with Cashfree, ensure you pass the correct ‘Email ID’ corresponding to your seller/service provider. Cashfree’s bank...
Wed, 20 Jan, 2021 at 10:15 AM
What does a sample FIRS look like?
A FIRS would capture: Beneficiary Details i.e. beneficiary in India  Buyer Details to identify the overseas buyer  Payment Details i.e. amount real...
Wed, 20 Jan, 2021 at 10:18 AM