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E-BRC meaning, new process to print E-BRC & utilization for export incentives?

by | Feb 21, 2024

E-BRC- A digital proof of completion of export

 

E-BRC (Electronic-Bank Realizations Certificate) is a certification for all export businesses. Banks issue this as a confirmation to the exporters for goods they have shipped and payments they have received from the importer. Along with proof, it is also needed to avail the benefits that come under Foreign Trade Policy. The Director General of Foreign Trade (DGFT) in India administers the foreign trade policy and many trade incentives 

 

In this Section, we will discuss:

  1. What is the process of E-BRC printing?
  2. How to utilize the advantages?
  3. How to use e-BRC to submit an export incentive claim?

 

 

What is the process of E-BRC printing?

 

DGFT has migrated the old e-BRC portal to the new e-EBC portal

Just Follow Simple steps to view/print your e-BRCs

Step1: Visit https://www.dgft.gov.in

Step2: Click on Login and enter your DGFT user ID & Password to get in

Step3: Click on the My Dashboard menu & select Repositories

Step4: Select Bills Repositories

Step5: Under the “Select Bill” Option, click “Bank Realizations/Reconciliation (e-BRC)”

Step6: Enter your shipping bill details or date and click on search to view and print e-BRCs

 

How to utilize the advantages?

  • On the Indian Customs Electronic Data Interchange Gateway, known as ICEGATE, a shipping bill is created electronically in India. The DGFT receives the information from a shipping bill automatically and electronically via ICEGATE. To claim export incentives, an exporter must link applicable shipping bills with e-BRC.

 

  • The value on which the export incentive will be granted will be determined by DGFT when an exporter submits a claim for one under a DGFT program. For this, DGFT compares the total realised value against export as stated in the e-BRC with the Free on Board (FOB) value of the exported items as stated in the shipping bill.

 

*Point to Remember

Exporters must make sure that the bank reports the correct e-BRC value and that it displays the overall actual value when they apply for export incentives. The bank should adjust the e-BRC value if it is less.

 

How to use e-BRC to submit an export incentive claim?

 

  • Export paperwork and the Electronic Foreign Inward Remittance Certificate (eFIRCs) are delivered to the appropriate banks after payment has been received and the full amount of the shipping bill has been deposited into the bank account.
  • Bank settles the shipping bills in EDPMS and creates an e-BRC on the DGFT website.
  • The bank then uploads the acquired foreign exchange in INR currency, according to the exchange rate declared by CBEC (Central Board of Excise and Customs)
  • After that, the exporter can take the print of their e-BRC through the DGFT website.
  • Exporter then submits eBRC as proof of export to avail of various export incentives like duty drawback, RoDTEP, RoSCTL, interest subventions and GST refund.

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