Electronic Bank Realisation Certificate (e-BRC) streamlines the export process by eliminating the need for manual paperwork and physical certificates, enhancing efficiency and transparency in the export documentation process. The e-BRC also helps in the quicker processing of export incentives, ensuring that exporters receive their dues promptly.
What is e-BRC?
An e-BRC is a digital document issued by banks to exporters as proof of the receipt of payment against the export of goods and services. The e-BRC system, developed by the Directorate General of Foreign Trade (DGFT), facilitates the online filing and issuance of the Bank Realisation Certificate (BRC).
What is the purpose of an e-BRC?
The primary purpose of an e-BRC is to serve as a proof of payment received by exporters for goods and services exported. It is essential for claiming export incentives, duty drawbacks, and other benefits under the various export promotion schemes offered by the government. By digitising the process, e-BRC ensures faster processing and reduces the chances of errors and fraud, providing a reliable and efficient mechanism for export-related financial transactions.
How does e-BRC work?
Once an exporter receives full payment against the shipping bill within nine months, the following process is followed for generating and accessing the e-BRC:
- The exporter submits the Electronic Foreign Inward Remittance Certificate (eFIRCs) and export documents to their bank after receiving the complete payment.
- Upon verifying the payment, the bank generates the Bank Realisation Certificate (BRC).
- The bank’s staff prepares an XML file containing the e-BRC details and digitally signs it.
- This file is then uploaded to the DGFT server either once or twice daily, based on a fixed schedule.
- The bank converts the realised foreign currency into Indian rupees using the exchange rate notified by the Central Board of Excise and Customs (CBEC).
- Once the XML file is uploaded, the DGFT server provides an acknowledgement to the bank.
- Exporters can log into the DGFT portal to view the status and print or download the e-BRC for claiming export incentives.
Benefits of eBRC
The introduction of the eBRC system has significantly streamlined the process of claiming export incentives. Here are some of its main benefits for exporters:
- Less human intervention: With the entire process being digital, there is minimal manual handling, which helps reduce errors and processing delays.
- Lower costs: Exporters save on administrative and courier costs, as there is no need to submit physical documents for processing incentives.
- Faster processing: Since all data is submitted electronically, the DGFT can verify and approve incentive claims much more quickly.
- Linking with shipping bills: The system enables automatic linking of eBRCs with shipping bills, allowing for quicker validation of payments and export values.
Why do you need e-BRC?
- Proof of payment: e-BRC serves as an official proof of payment receipt for exports.
- Claim export incentives: Essential for claiming various export incentives and duty drawbacks.
- Reduce paperwork: Eliminates the need for physical documentation, simplifying the process.
- Enhanced efficiency: Streamlines the export documentation process, making it faster and more efficient.
- Prevent fraud: Minimises the risk of fraud by ensuring secure and verifiable electronic transactions.
- Facilitate audits: Helps in the easier and more accurate auditing of export transactions.
How can you check the e-BRC status on the DGFT website?
- Visit the DGFT website: Navigate to the official DGFT portal.
- Login to your account: Use your credentials to log in.
- Access e-BRC module: Go to the e-BRC section within the portal.
- Select e-BRC status: Click on the option to check the status of your e-BRC.
- Enter details: Provide necessary details such as IEC code and bank reference number.
- Submit information: Click on the submit button to retrieve the status.
- View status: The current status of your e-BRC will be displayed on the screen.
- Download if available: If the e-BRC is ready, you can download it from the same interface.
How to obtain e-BRC certification?
To obtain e-BRC certification, exporters need to ensure that their bank is integrated with the DGFT e-BRC system. After receiving payment for the exported goods or services, the exporter’s bank generates the BRC in electronic format and uploads it to the DGFT portal. Exporters must regularly check the DGFT website to download the e-BRC. They need to ensure all the necessary export documentation is accurate and up-to-date to facilitate the smooth issuance of the e-BRC. The digital certificate can then be used to claim various export incentives and for other official purposes.
How to claim export incentives using e-BRC?
Exporters can claim export incentives using e-BRC by logging into the DGFT portal and navigating to the relevant incentive scheme section. They need to attach the e-BRC as proof of payment received for the exported goods or services. The DGFT verifies the e-BRC and processes the claim based on the submitted details. This streamlined process ensures that exporters receive their incentives in a timely and efficient manner.
Step-by-step guide to download the e-BRC online
- Visit the DGFT website: Open the official DGFT portal.
- Login: Enter your credentials to log into your account.
- Navigate to e-BRC module: Go to the e-BRC section.
- Select download option: Click on the option to download e-BRC.
- Enter required details: Provide details such as IEC code and bank reference number.
- Submit information: Click on the submit button.
- Download e-BRC: If the e-BRC is available, download it to your device.
- Save file: Ensure the e-BRC is saved in a secure location for future use.
Step-by-step guide to print an e-BRC from the DGFT website
- Access the DGFT website: Navigate to the official DGFT portal.
- Login to your account: Use your credentials to log in.
- Go to e-BRC section: Locate the e-BRC module within the portal.
- Find the e-BRC: Search for the e-BRC you wish to print.
- Enter necessary details: Provide required information like IEC code and bank reference number.
- Submit query: Click on the submit button to retrieve the e-BRC.
- Download the e-BRC: Save the e-BRC document to your device.
- Open the document: Use a PDF reader or similar software to open the downloaded e-BRC.
- Print e-BRC: Use the print option within the PDF reader to print the e-BRC.
- Store the printed copy: Keep the printed e-BRC in a safe place for future reference.
Conclusion
The implementation of the e-BRC system by the DGFT has revolutionised the export documentation process, providing a seamless and efficient way to manage export transactions. This digital transformation not only enhances transparency but also simplifies the process of claiming export incentives.
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