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of <h1>CBEC Circular Accepts e-BRC as Proof for Export Sale Proceeds from 2012-2014 Under Drawback Scheme.</h1> The circular from the Central Board of Excise & Customs addresses the acceptance of the electronic Bank Realization Certificate (e-BRC) from the Directorate General of Foreign Trade (DGFT) as proof of realization of sale proceeds for exports with a Let Export Order (LEO) date between 12.08.2012 and 31.03.2014 under the drawback scheme. It acknowledges the challenges faced due to non-acceptance of e-BRC, which lacks details on commission, freight, and insurance. The Board has decided to accept e-BRCs for this period, with a required declaration from exporters, unless there is specific intelligence of misuse. Public notices and standing orders will be issued for guidance.
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