TopicAll Things An Exporter Should Know About e-BRC Online
eBRC online is a drive to advertise paperless trade, and also the DGFT has produced a digital network for Bank Realization Certification. Utilizing the eBRC system, banks can digitally transmit forex realization from financial institutions to the DGFT server. The use of digital certification protects this procedure. DGFT BRC is a certificate issued by Banks to confirm that the exporter has received payment against his buyer's export of goods.
The procedure which was in place previously for furnishing Bank Realisation Certification was manual. A merchant had to send BRC in physical application to the concerned Regional Authority of DGFT; the export transaction details as per BRC entered manually. This was undoubtedly a prolonged process that made claiming export incentives a challenging procedure