Self-certification of eBRCs lets exporters generate electronic certificates from bank IRMs, streamlining export realisation and reconciliation. Upgraded eBRC system requires banks to transmit trade-related IRMs electronically to DGFT; IEC-linked exporters will access those IRMs on the DGFT portal and self-certify eBRCs by matching IRMs to shipping bills, SOFTEX or invoices. Banks can group or split IRMs across eBRCs, will have visibility of eBRCs created from their IRMs, and may flag eBRCs for examination. API integration by banks is mandated to enable prompt data exchange, and validation will use RBI purpose codes and published rulesets.
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Provisions expressly mentioned in the judgment/order text.
Self-certification of eBRCs lets exporters generate electronic certificates from bank IRMs, streamlining export realisation and reconciliation.
Upgraded eBRC system requires banks to transmit trade-related IRMs electronically to DGFT; IEC-linked exporters will access those IRMs on the DGFT portal and self-certify eBRCs by matching IRMs to shipping bills, SOFTEX or invoices. Banks can group or split IRMs across eBRCs, will have visibility of eBRCs created from their IRMs, and may flag eBRCs for examination. API integration by banks is mandated to enable prompt data exchange, and validation will use RBI purpose codes and published rulesets.
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