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Electronic Bank Realization Certificate now required: electronic transmission replaces physical BRC submission after a short transition period. Banks must issue and transmit Bank Realization Certificates electronically to the Directorate under an electronic Bank Realization Certificate (e-BRC) system, with technical guidelines available on the Directorate's website. The physical BRC system will operate alongside the e-BRC during a short transition; thereafter mandatory electronic transmission applies and physical BRC submission for claiming Foreign Trade Policy benefits will no longer be required, reducing transaction time and cost.
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Electronic Bank Realization Certificate now required: electronic transmission replaces physical BRC submission after a short transition period.
Banks must issue and transmit Bank Realization Certificates electronically to the Directorate under an electronic Bank Realization Certificate (e-BRC) system, with technical guidelines available on the Directorate's website. The physical BRC system will operate alongside the e-BRC during a short transition; thereafter mandatory electronic transmission applies and physical BRC submission for claiming Foreign Trade Policy benefits will no longer be required, reducing transaction time and cost.
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