DGFT BRC Details | What is e-BRC, and How to Download the BRC Certificate

DGFT BRC Details: An Electronic bank realization certificate is a digital certificate that is essential for businesses involved in exporting goods. The certificate is issued by a bank to confirm that the buyer has made payment to the exporter for the services or goods exported.

The details contained in the e-BRC or BRC are important indicators of economic activity and provide valuable financial information. Businesses that receive export benefits under the Foreign Trade Policy (FTP) are required to present a valid BRC.

The BRC serves as proof that payment has been received for exported goods.

Last Date To File ITR (AY 2023-24): Details to File Income Tax Return for FY 2022-23 Due Date

e-BRC Certificate Importance 

The (DGFT) Directorate General of Foreign Trade has launched the Electronic Bank Realization Certificate (e-BRC) initiative to digitize and systematically record foreign trade transactions.

  1. An e-BRC is an electronic document that serves as proof of receipt of payment by an exporter for an international trade transaction.
  2. The eBRC is a crucial source of financial information and an economic indicator.
  3. Companies applying for benefits under the Foreign Trade Policy must provide a valid BRC as proof of payment realization for their exports.

In simpler terms, the Electronic Bank Realization Certificate (eBRC) is proof of an export transaction having taken place.

DGFT BRC Certification

BRC Certification is a certificate issued by a bank that proves an exporter has received payment from an importer for the goods exported. To obtain the certificate, exporters must inform the bank of the value of the goods they intend to export.

The bank will record the transaction on the Export Data Processing and Monitoring System (EDPMS). Once the exporters receive payment, they must submit all shipping bills to the bank. The bank will then cancel the corresponding transaction on the EDPMS and issue an e-BRC against the payment received for the shipping bills.

e-BRC Certification

e-BRC Certification is the electronic version of BRC Certification. The Electronic Bank Realisation Certificate (e-BRC) is an initiative by the Directorate General of Foreign Trade (DGFT) to promote paperless trade and digitize BRCs.

Since August 17, 2012, banks must electronically transmit BRC data to the DGFT server, secured by digital signature. The electronically transmitted BRCs are known as e-BRCs.

Income Tax Act: Under Section 80G Deduction Eligibility and Details

How Does e BRC DGFT Process Work?

The e-BRC is an essential step in the payment reconciliation process. Here is how the process works:

  • After the exporter receives payment in their bank account and the full value of the shipping bill within 9 months of the shipping bill date, they submit export documents and the Electronic Foreign Inward Remittance Certificate (eFIRCs) to their respective banks.
  • The exporter’s bank settles the bill in the Export Data Processing and Monitoring System (EDPMS) and generates the e-BRC on the DGFT website.
  • The bank uploads the INR equivalent of the foreign exchange realized based on the exchange rate defined by the Central Board of Excise and Customs (CBEC).
  • The exporter can collect the e-BRC from their bank or the DGFT.
BRC Details

Check e-BRC Uploaded by Banks on the DGFT Website

  1. Log in to the DGFT website.
  2. Click on ‘My Dashboard’ and select ‘Repositories’.
  3. Click on the ‘Explore’ button under the ‘Bills Repositories’ tab.
  4. Choose ‘Bank Realisations (e-BRC)’ from the ‘Select Bill’ drop-down list.
  5. Enter the ‘From Date’ and ‘To Date’, then click on ‘Search’.
  6. The screen will display all the e-BRCs uploaded by banks.

Steps to Download a BRC Details

  1. Log in to the DGFT website.
  2. Click on ‘My Dashboard‘ and select ‘Repositories‘.
  3. Click on the ‘Explore’ button under the ‘Bills Repositories’ tab.
  4. Choose ‘Bank Realisations (e-BRC)’ from the ‘Select Bill’ drop-down list.
  5. Enter the ‘From Date‘ and ‘To Date’, then click on ‘Search‘.
  6. All e-BRCs uploaded by banks will be displayed on the screen.
  7. Select the Bank Realisation Number to view the e-BRCs uploaded from that bank.
  8. The e-BRC details will appear on the screen.
  9. Click on the ‘Print eBRC‘ option to download the e-BRC.

Generate eWay Bill on Portal: Registration, Tax, Rules & Details of EWB

 eBRC Module Upgraded to New IT Platform

BBMP Property Tax 2023 Payments Detail @ bbmptax.karnataka.gov.in

Claim Export Incentives Using e BRC Details Process

  1. Submit the shipping bill electronically on the ICEGATE platform. This will automatically share the information with DGFT.
  2. Link the relevant shipping invoices with the e-BRCs to claim export incentives.
  3. The DGFT will decide the value of the incentive based on the FOB value of the goods exported and the total realized value against the export mentioned in the e-BRC.
  4. Make sure that the bank reports the correct e-BRC value that reflects the total realized value. If it shows less value, the bank should correct it.
  5. The e-BRC data is shared with other government agencies, as the DGFT has signed an MOU with 14 state governments and two central government agencies to share the information.
  6. Exporters can also submit e-BRCs with integrated GST or ITC refund applications to support their claims of export transactions, which makes the process of export-related transactions easy under GST.

Call the Helpline1800-572-1550/ 1800-111-550

Budget 2023: Old vs New current Income Tax Slabs


Leave a Comment