Export Schemes

eBRC – Everything An Exporter Needs To Know

What is Bank Realisation Certificate (BRC)?
A Bank Realisation Certificate or BRC is a certificate issued by Banks as a confirmation that the exporter has received payment against export of goods from his buyer.

What is the purpose of BRC?
There are several benefits or incentives for exporters under Foreign Trade Policy. In order to avail these benefits, BRC is an important document which an exporter needs to submit as proof of export.

What is eBRC?
The procedure which was in place earlier for furnishing Bank Realisation Certificate was manual. An exporter had to submit BRC in physical form to the concerned Regional Authority of DGFT, and then the details of export transaction as per BRC were entered manually. This was obviously a lengthy process which made claiming export incentives a complicated process.

To promote paperless trade, DGFT introduced the eBRC module, an integrated platform which enables electronic transmission of Foreign Exchange Realisation Information from Banks directly to DGFT’s server. This process is further secured by use of digital certificate.

Now with eBRC, an exporter doesn’t need to go to his bank for Bank Realisation Certificate, which has made the process of claiming export incentives and benefits from DGFT and other export agencies much easier. At present, there are 132 banks for which DGFT is providing this facility.

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How eBRC works?
Banks generate Bank Realisation Certificate upon receipt of export proceeds. Then the Bank’s Staff can generate XML file containing information of BRCs or eBRCs, digitally sign the file and upload it on DGFT’s server daily or twice in a day at a pre-determined frequency.

It should be noted that Banks upload rupees equivalent of the realised foreign exchange based on the exchange rate which is defined by Central Board of Excise and Customs (CBEC).

Once the XML files are uploaded and the server has given an acknowledgement for the same to the Bank, DGFT’s module allows exporters to view status of their eBRCs on DGFT’s website.

How an Exporter can view status of eBRC online?
There are few simple steps which an exporter has to follow to see the status of his eBRC:-

Go to DGFT’s website and under Services-eBRC, select “View and print your eBRC”

The exporter will be then taken to a page titled “e-BRC Details for Trade”

Here exporter has to fill in his IEC Code and IFSC Code of his Bank. (IFSC Code should be of the Bank where the payment from his overseas buyer will be realised)

Next, he has to click on “Show Details”

All e-BRCs uploaded by the Bank will be displayed

Exporter can click “Print” on individual eBRCs

View and Print Your eBRCView and print your eBRC option on DGFT’s Home Page

eBRC Details for TradeeBRC Details for Trade Page

eBRC ExampleExample of an eBRC

What is the use of eBRC for an Exporter?
As mentioned earlier, with eBRC now there is minimum human intervention and less transaction cost for granting export benefits to exporters. DGFT is already receiving information for shipping bills electronically through EDI ports, now with this integration with banks it is receiving the foreign currency realisation details too which can be linked to each shipping bill. The information as per shipping bill (FOB Value of goods exported) and eBRC (Final payment received against export) is matched so that the value at which incentive is to be provided to the exporter can be verified.

In case of EDI Shipping Bills, while filing for an incentive online an exporter just has to link the relevant shipping bill and eBRC. No hard copies are required to be submitted to DGFT for the same.

Some important points related to eBRC & filing of incentives for an exporter
For calculation of incentives, the value of export taken into consideration is Realised value as per eBRC or FOB value as per Shipping Bill whichever is less

When applying under any scheme, an exporter has to enter the Commission, Insurance and Freight details as eBRC does not capture this information

Exporters should check the realised value reported by bank on eBRC, if there is an error they should get it corrected by the bank

If there are multiple products in a shipping bill the realised value or FOB value (whichever is less) is proportionately distributed amongst all the products based on a multiplication factor

This multiplication factor is the ratio between realised value and FOB value as per shipping bill

Multiplication Factor (M) = FOB Value actually realised in Rs. as per eBRC / FOB Value as per Shipping Bill

Bank’s commission should not be deducted from the realised value reported in eBRC.
You can refer FAQs provided by DGFT about eBRC for further doubts about using eBRC for claiming incentives.

Other uses of eBRC
Information about transaction level exports captured by eBRCs is also shared with other government agencies. DGFT has signed MOUs with 14 state governments and 2 central government agencies for sharing this data. To strengthen the process of GST on Exports, DGFT has also signed an MOU with GST Network (GSTN) for sharing foreign exchange realisation and Import Export Code data. This will make it easier to process export related transactions under GST.

Also Read:

How to claim GST Refund on exports?
APEDA’s Online Registration Process & Schemes for Agricultural Exports
How To Apply For PAN Card For Your Business
How to Register a New Business
Letter of Credit Explained with Process & Example
RoDTEP Scheme | Everything an exporter needs to know
Packing List & its format for Exports

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