Eight Lakh E-BRCs issued in First three Months DGFT Writes to heads of Banks to Address E-BRC issues https://www.taxtmi.com/news?id=4018 Introduction of Electronic Bank Realisation Certificates replaces physical BRCs by requiring banks to transmit foreign exchange realisation data electronically to DGFT's server using digital certificate authentication; physical BRCs are no longer accepted for claiming benefits under export promotion schemes. The eBRC facility currently covers Chapter 3, DEPB and DFIA and will be extended to Export Obligation Discharge Certificate, while DGFT has requested banks to resolve implementation issues to support a paperless, lower-cost, and more transparent export compliance process. en-us Tue, 20 Nov 2012 17:35:27 +0530 Tue, 20 Nov 2012 17:35:27 +0530 TaxTMI RSS Generator Eight Lakh E-BRCs issued in First three Months DGFT Writes to heads of Banks to Address E-BRC issues https://www.taxtmi.com/news?id=4018 Introduction of Electronic Bank Realisation Certificates replaces physical BRCs by requiring banks to transmit foreign exchange realisation data electronically to DGFT's server using digital certificate authentication; physical BRCs are no longer accepted for claiming benefits under export promotion schemes. The eBRC facility currently covers Chapter 3, DEPB and DFIA and will be extended to Export Obligation Discharge Certificate, while DGFT has requested banks to resolve implementation issues to support a paperless, lower-cost, and more transparent export compliance process. News - Tue, 20 Nov 2012 17:35:27 +0530 https://www.taxtmi.com/news?id=4018