Circulars

Circular DGFT Notice on Pilot Launch of the Upgraded Electronic Bank Realization Certificate (eBRC) system for self -certification by Exporters -reg
 

  


CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th floor, 7-Cooperage Road,   Mumbai - 400 001.

Tel  :+91-22-69821200 to 206 Membership Helpline No : 7738933059
Twitter : @chemexcil
E-mail: info@chemexcil.in
Website: http://www.chemexcil.in

EPC:LIC:DGFT:TN:2023-24                                                                      10th November, 2023

 

 

TO,


ALL MEMBERS OF THE COUNCIL

 

 

Circular DGFT Notice on Pilot  Launch  of  the  Upgraded   Electronic   Bank   Realization Certificate

(eBRC) system for self -certification by Exporters -reg

 

 

Dear Sir/Madam,

 

The O/o Directorate General of Foreign Trade, New Delhi had issued a Trade Notice no 33/2023-24 dated 10th November-2023 on Pilot   Launch   of   the   Upgraded   Electronic   Bank   Realization Certificate (eBRC) system for self -certification by Exporters -reg.

 

To further improve trade facilitation for exporters, DGFT has implemented an enhanced electronic Bank Realization Certificate (eBRC) system. This is a more streamlined process based on electronic Inward Remittance Messages (IRMs) to be transmitted directly by banks to DGFT. Based on the IRMs received, the exporters shall self-certify their eBRCs.

 

The new system is designed to reduce transaction time and costs, and to ease the burden on bankers.

 

The revamped eBRC system workflow is as follows –

  • Banks will electronically transmit IRMs (Inward Remittance Messages) directly to DGFT.

 

  • Exporters will be able to self-certify their eBRCs by matching IRMs with relevant shipping bills, SOFTEX, or invoice details.

  • 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.

 

  • IRM details will be accessible to the relevant IEC holder upon logging onto the DGFT Website (https://dgft.gov.in). Since IECs are linked to PAN, only the concerned IEC holder will have visibility to their IRM.

  • Exporter will  create  eBRCs  by  matching  IRM  with  relevant  shipping  bills, SOFTEX, or invoice details. Multiple IRMs may be grouped under one eBRC, or one IRM can be split amongst several eBRCs.

 

  • eBRCs can be generated for Goods Exports, Services Exports, Deemed Exports.

  • The RBI Purpose Code and other fields mentioned in the IRM shall be used to validate the eBRC fields being certified by the Exporter.

 

  • Banks will have access to all eBRCs created from the IRMs they input. Banks would have the option to flag any eBRC for further examination or request input from the exporter concerned.

  •  

The new eBRC system will be launched in a pilot phase on November 15th 2023. All banks will execute the transition to the new system by January 31st 2024.

 

Exporters and other stakeholders can contact the DGFT Helpdesk for eBRC-related issues, suggestions, or feedback.

 

For more details the notice can be viewed on following link
https://content.dgft.gov.in/Website/dgftprod/95f28e2b-6594-4d26-9b2c-8c3e9583a9d6/TN33%20Pilot%20Launch%20Revamp%20of%20eBRC.pdf

 

Feed-backs, if any, from the Member-Exporters with regard the implementation of this Trade Notice may be informed to the Council on e-mail ids:-  dg@chemexcil.in  with copy to pw@chemexcil.in   

 

Thanks, and Regards

 

Raghuveer Kini
Director General
CHEMEXCIL

Encl : TN33 Pilot Launch Revamp of eBRC