TaxTMI 
TaxTMI 
Pilot Launch of the Upgraded Electronic Bank Realization Certificate (eBRC) system for self-certification by Exporters
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....ovember 2023 Trade Notice 33/2023-24 To 1. All Exporters/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:....
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....nd promote ease of doing business in general. A summary of the revamped eBRC 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 Expor....
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....or further examination or request input from the exporter concerned. 3. Pilot Launch: A soft launch of the revamped eBRC 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 expor....
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....estions (FAQs) will be available on the DGFT Website under the Learn Section. Additionally, DGFT will organize Exporter Outreach 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 als....