Electronic Bank Realization Certificate requirement: banks must transmit full foreign exchange realization to DGFT for export benefit linkage. Banks must transmit Bank Realization Certificate data electronically to the DGFT server and cease issuing physical BRC copies for DGFT use; banks must convert manual BRCs into XML and upload them. Transmitted BRCs must show full foreign exchange realised without deductions for commission, insurance or freight. Exporters must verify and correct Shipping Bill details before linkage, enter commission, insurance and freight values when applying for DGFT benefits, and the system will pro rata allocate realized foreign exchange across items when realization is short. DGFT will maintain an online Shipping Bill repository for scheme linkage.
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Provisions expressly mentioned in the judgment/order text.
Electronic Bank Realization Certificate requirement: banks must transmit full foreign exchange realization to DGFT for export benefit linkage.
Banks must transmit Bank Realization Certificate data electronically to the DGFT server and cease issuing physical BRC copies for DGFT use; banks must convert manual BRCs into XML and upload them. Transmitted BRCs must show full foreign exchange realised without deductions for commission, insurance or freight. Exporters must verify and correct Shipping Bill details before linkage, enter commission, insurance and freight values when applying for DGFT benefits, and the system will pro rata allocate realized foreign exchange across items when realization is short. DGFT will maintain an online Shipping Bill repository for scheme linkage.
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