FTP - Introduction of electronic Bank Realization Certificate (e-BRC) system
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 prescribed formats 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 existing system of physical BRC along with the new system of ‘e-BRC' will however, run concurrently for a period of one month for ensuring smooth transition. Thereafter, issuance and transmission of ‘e-BRC' to DGFT in electronic form would be mandatory.
PUBLIC NOTICE NO. 2/(RE-2012)/ 2009-2014, Dated: June 05, 2012