Pilot Launch of the Upgraded Electronic Bank Realization Certificate (eBRC) system for self-certification by Exporters

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....ters/Members of Trade & Industry 2. All Banking and Financial institutions 3. All Export Promotion Councils/Commodity Boards 4. All DGFT Regional Authorities Subject: Pilot Launch of the Upgraded Electronic Bank Realization Certificate (eBRC) system for self-certification by Exporters -reg Self-Certification for Exporters: Reference Para 1.07 of the Foreign Trade Policy, it is a commitment of....

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....BRC system workflow is as follows - i. Banks receiving Export Remittances will push the IRM message to the DGFT IT system electronically. ii. Banks shall push the IRMs pertaining to the Trade Account only and not the IRMs pertain to Capital Account etc. i.e., remittances pertaining to Goods or Services Exports. iii. IRM details will be accessible to the relevant IEC holder upon logging onto ....

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....system is proposed with effect from 15th November 2023. Starting from given date, each bank will set its cut-off date based on their readiness after completing User Acceptance Testing (UAT). IRMs dated on or after this bank-specific cut-off date will be sent to DGFT for exporters' self-certification. For IRMs generated before this date, banks will generate eBRCs and submit them to DGFT, as per the....

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.... Programs to demonstrate and raise awareness about the revamped eBRC facility. 6. Feedback: Concordance of the purpose codes to the eBRC fields may be perused by navigating to the DGFT website --> Services --> eBRC. The validation rules used for eBRC generation are also available there for your reference. Stakeholder feedback (if any) on the concordance or the rulesets may be submitted to ebrc-dg....