How much does Amazon India charge sellers

Selling from India

The electronic Foreign Inward Remittance Certificate (e-FIRC) is an electronic document for transfers to India. It provides evidence that a private person or a company has received a payment in the form of foreign currency from abroad for exports. Amazon sellers in India selling on marketplaces other than Amazon.in can use the e-FIRC issued by their bank as an export receipt.

Annotation: HSBC India only transmits transfer details for sellers who have transferred their proceeds directly to their account at an Indian bank using the Amazon currency calculator for sellers. HSBC India does not provide transfer details for sellers who have an account with a non-Indian bank and process their withdrawals outside of Amazon.

Holder of an account with HSBC India

If you receive transfers from Amazon on your HSBC account, HSBC India should automatically issue you an e-FIRC. If you have not received this, please contact your HSBC India branch or the Remittance Operations department of HSBC India.

Remittance Operations, HSBC

NESCO IT Park, Building No. 3, level 10

Western Express Highway

Goregaon (East), Mumbai - 400063

Holders of accounts other than HSBC

For sellers who do not have an account with HSBC India, the following frequently asked questions provide information about the process of applying for an e-FIRC.

How do I apply for an e-FIRC?

You can apply for an e-FIRC at the bank that you have specified as the authorized merchant (i.e. the bank through which you receive payments from Amazon). For each transaction, HSBC India sends the following details by email to the central booking department of your bank on the following Monday:

  • Name and address of the person making the transfer
  • Name of the transferring bank
  • Reference number of the credit note
  • Usage code of the transfer

Your bank then uses this data to create an entry in the Export Data Processing and Monitoring System (EDPMS) and receives an Inward Remittance (IRM) number. This IRM number will then be used to issue your e-FIRC.

Is a separate e-FIRC necessary for every payout received from Amazon?

Yes. A separate e-FIRC is required for each payout from your Amazon seller account to your bank. To do this, the bank creates a new entry in EDPMS and a new IRM number is issued.

Are there any e-fees for the FIRC?

HSBC India does not charge any fees for submitting the transfer details to your bank. You need to contact your bank to get the e-FIRC.

How long does it take to get the e-FIRC?

On the Monday after a successful transaction, HSBC India automatically sends the transfer details by email to the central booking department of your bank. You need to contact your bank to get the e-FIRC. The processing times depend on the bank.

Who should contact HSBC with a request for an e-FIRC?

HSBC is not the point of contact for issuing the e-FIRC. HSBC automatically sends the transfer details to your bank.

Who can I contact if I have any questions?

Contact a branch of your bank.

Since when has this regulation been in force?

The e-FIRC is mandatory for all transfers from June 1st, 2016.

The implementation takes place according to the circular of the RBI of May 26, 2016 (RBI / 2015-16 / 414 Circular No. 74) and the circular of the FEDAI (No. 09/2016 of June 8, 2016 and No. 16/2016 of June 17, 2016). October 2016).

What about transfers that happened before June 2016?

The e-FIRC procedure does not apply to transfers that took place before June 2016. In this case, HSBC issues a receipt to the customer.

How do I get a receipt from HSBC for transfers before June 2016?

This receipt will be requested directly from HSBC by your bank.

Send the letter to HSBC India's Remittance Operations department:

Remittance Operations, HSBC

NESCO IT Park, Building No. 3, level 10

Western Express Highway

Goregaon (East), Mumbai - 400063

HSBC will issue the receipt within 7 days of receiving the request from your bank.

If the processing time exceeds these estimated timeframes, please contact Amazon Seller Services.