DGFT Introduces
e-BRC System
[Ref: DGFT Public Notice No. 02 (RE-2012) / 2009-14
dated 5 June 2012]
Sub:- Introduction of electronic Bank Realization Certificate
(e-BRC) system.
In exercise
of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-14,
the Director General of Foreign Trade introduces an electronic procedure of
filing of Bank Realization Certificate (BRC).
2. At
present, for claiming benefits under various schemes of Foreign Trade Policy,
exporters have to obtain Bank Realisation Certificate (BRC) from banks in the
existing formats prescribed at Appendix 22A (physical exports) and 22B (deemed
exports) of Handbook of Procedure -Vol.1(Appendices and Aayaat
Niryaat Forms) and submit the same to the Directorate
General of Foreign Trade (DGFT) manually. With the introduction of electronic
BRC system, banks will issue and transmit BRC’s electronically to DGFT’s server
replacing the manual mode of obtaining and submitting BRC. The revised process flow with technical guidelines are available on the DGFT’s
website dgft.gov.in under the ‘e-BRC’ icon.
3. The
existing system of physical BRC along with the new system of ‘e-BRC’ will
however, run concurrently for a period of one month from the date of issue of
this Public Notice for ensuring smooth transition. Thereafter, issuance and
transmission of ‘e-BRC’ to DGFT in electronic form would be mandatory.
Effect of
Public Notice:
Submission
of physical copy of BRC for claiming benefit of FTP will not be mandatory after
one month from the date of issue of this Public Notice. The ‘e-BRC’ will reduce
the transaction cost and time.