TaxTMI 
TaxTMI 
What is meaning and importance of BRC (Bank realisation Certificate)? Is it necessary to take BRC for each export invoice raised
Anand
what is brc
19 Jun 2014 
2 Replies 
13630 Views Asked by
Bank Realization Certificate confirms foreign exchange receipt for exports and enables completion status and export incentive claims.
Bank Realization Certificate (BRC) is documentary proof that an exporter has received foreign exchange for a particular export under FEMA; it deems the export complete for regulatory purposes, enables claiming export promotion benefits and submission to indirect tax and sales tax authorities, is available from the designated portal, and must be retained as part of export records. (AI Summary)
Bank Realization Certificate (BRC) is documentary proof that an exporter has received foreign exchange for a particular export under FEMA; it deems the export complete for regulatory purposes, enables claiming export promotion benefits and submission to indirect tax and sales tax authorities, is available from the designated portal, and must be retained as part of export records. (AI Summary)