Electronic Bank Realisation Certificate (e-BRC) streamlines the export process by eliminating the need for manual paperwork and physical certificates, enhancing efficiency and transparency in the export documentation process. The e-BRC also helps in the quicker processing of export incentives, ensuring that exporters receive their dues promptly.
What is e-BRC?
An e-BRC is a digital document issued by banks to exporters as proof of the receipt of payment against the export of goods and services. The e-BRC system, developed by the Directorate General of Foreign Trade (DGFT), facilitates the online filing and issuance of the Bank Realisation Certificate (BRC).
What is the purpose of an e-BRC?
The primary purpose of an e-BRC is to serve as a proof of payment received by exporters for goods and services exported. It is essential for claiming export incentives, duty drawbacks, and other benefits under the various export promotion schemes offered by the government. By digitising the process, e-BRC ensures faster processing and reduces the chances of errors and fraud, providing a reliable and efficient mechanism for export-related financial transactions.