e-BRC: How to Obtain It and Why It Matters?
Posted: Wed Feb 12, 2025 5:11 am
Businesses must fulfill several regulatory requirements to operate smoothly. Obtaining an Electronic Bank Realization Certificate (e-BRC) is one such requirement. It is a crucial document for exporters in India, as it proves that the amount generated from exporting goods and services has been received. It also enables businesses to claim benefits provided under various government schemes. The process of obtaining an e-BRC may seem complex and lengthy, especially to those obtaining it for the first time. However, you can complete the procedure in a few simple steps. In this article, we have shared everything you need to know about e-BRC, from its importance to the steps involved in securing it and the procedure to print e-BRC from DGFT. Read on to find out!
Electronic Bank Realization Certificate (e-BRC)
Definition and Purpose of e-BRC
An e-BRC is an essential digital certificate for those in the export business. A bank lebanon phone number list issues this certificate to you to confirm that the buyer has made payment against your goods or services.
The process involves providing banks with complete information about the total value of goods they aim to export. The banks then put the export transaction details in the Export Data Processing and Monitoring System (EDPMS) to maintain records. You must submit the shipping bills to the bank as soon as you receive the payment. After that, the bank cancels the items registered in the EDPMS and issues an e-BRC against the bill payments. The Directorate General of Foreign Trade (DGFT) introduced the concept in 2012. Before that, exporters were required to visit the bank to submit the bills and other necessary documents to obtain the hard copy of the certificate.
Electronic Bank Realization Certificate (e-BRC)
Definition and Purpose of e-BRC
An e-BRC is an essential digital certificate for those in the export business. A bank lebanon phone number list issues this certificate to you to confirm that the buyer has made payment against your goods or services.
The process involves providing banks with complete information about the total value of goods they aim to export. The banks then put the export transaction details in the Export Data Processing and Monitoring System (EDPMS) to maintain records. You must submit the shipping bills to the bank as soon as you receive the payment. After that, the bank cancels the items registered in the EDPMS and issues an e-BRC against the bill payments. The Directorate General of Foreign Trade (DGFT) introduced the concept in 2012. Before that, exporters were required to visit the bank to submit the bills and other necessary documents to obtain the hard copy of the certificate.