PRC / ePRC

Proceeds Realization Certificate — bank proof that foreign export income was received legally.

Explained Simply

The PRC (now often issued electronically as ePRC) is a certificate from your bank confirming that export proceeds were realized through proper banking channels under the correct purpose code. It's key proof for claiming export tax treatment.

💡 Example

An IT exporter keeps a PRC for each foreign remittance as proof for the 154A regime.

Educational definition, not legal advice. Verify against the statute text (relevant law) before acting.