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What is an e-BRC and why do exporters need it?

An e-BRC (Electronic Bank Realisation Certificate) is issued by a bank as proof that the exporter has received payment from the importer. In this blog, learn about eBRC meaning, purpose & process to obtain it.
e-BRC on DGFT
An eBRC (Electronic Bank Realisation Certificate) is an important digital certificate for those involved in an export business. It is issued by a bank as confirmation that the exporter has received payment from the importer against the export of goods. Exporters are required to declare the value of the goods to be exported. Once all the payments against a shipping bill are received, an exporter can request their bank to close the entry into Export Data Processing and Monitoring System (EDPMS) and obtain an eBRC. Any business applying for benefits under Foreign Trade Policy is required to furnish a valid BRC as proof of realization of payment against exports made.

What is an eBRC (Electronic Bank Realization Certificate)?

An Electronic Bank Realization Certificate (eBRC) is issued by banks to exporters as a proof of payment and export. It is used to claim benefits of various schemes under the Foreign Trade Policy. eBRC is an initiative to promote paperless trade and the DGFT has created an electronic platform for Bank Realization Certificate. Using the eBRC platform, banks can electronically transmit foreign exchange realization from banks to the DGFT server. This process is secured by the use of a digital certificate1.

What is the purpose of an eBRC in exports?

An exporter needs an eBRC to avail various export incentives (duty exemptions, subsidies, low-cost loans, etc.) that are offered by the government as a part of the Foreign Trade Policy. In India, the FTP and many of the export incentives are implemented by the Director General of Foreign Trade (DGFT). Earlier, an offline process, the DGFT has now made the entire process online and paperless. It allows banks to upload documents to the DGFT server and foreign-exchange information related to exports. This information is transmitted through the digital certificate called eBRC.

How does the process of eBRC work?

eBRC is an important step in the payment reconciliation process. Here is how the process of eBRC works:

• Once the exporter receives payments in the bank account and the full value of the shipping bill within 9 months of the date of the shipping bill, export documents and the Electronic Foreign Inward Remittance Certificate (eFIRCs) are submitted to their respective banks.
• Exporter’s bank settles the bill in EDPMS and generates eBRC on the DGFT website.
• Banks upload INR equivalent of the realised foreign exchange, based on the exchange rate that is defined by the Central Board of Excise and Customs (CBEC).
• Exporter can then collect eBRC from their bank or DGFT.

How to claim incentives for exports using eBRC?

• In India, a shipping bill is generated electronically on ICEGATE – the Indian Customs Electric Data Interchange Platform. The information on a shipping bill is automatically and electronically shared by ICEGATE with the DGFT. An exporter must link relevant shipping bills with eBRC to claim export incentives.

• When an exporter claims an export incentive under a DGFT scheme, DGFT decides the value on which incentive is to be provided. For that, DGFT matches the Free on Board (FOB) value of the goods exported as contained in the shipping bill and the total realized value against export as mentioned in the eBRC.

• While applying for an export incentive, exporter must ensure that the eBRC value is reported by the bank and it shows the total realised value. If the eBRC value is less, the bank should correct it.

To make exporting from India easy and simple, Amazon Global Selling provides assistance at multiple stages of exports and also credits earnings to the seller’s Indian bank account. It also provides support to obtain eBRC and other payment-related documents.

Easy e-commerce exports with Amazon
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Amazon Global Selling is an e-commerce exports program that helps to take your business from India to the global markets in 200+ countries and territories. Whether you are a manufacturer, or seller, or reseller, or you have an emerging brand, you can export from India without setting up a store or warehouse abroad.

Frequently Asked Questions

How do I check my eBRC online?
Click on the DGFT server. Enter your IEC code and 11- digit IFSC code. Choose the option of “facilitation” and then click on “view and print your E-BRC”.
Is E-BRC mandatory for export?
Once all the payments against a shipping bill are received, exporter can request their bank to close the entry in EDPMS and obtain an eBRC. Any business applying for benefits under Foreign Trade Policy is required to furnish valid BRC as a proof of realization of payment against exports made.
What are the other uses of E-BRC?
Apart from helping exporters to get export incentives under Foreign Trade Policy and claim GST refunds, eBRC is an important source of financial information and also acts as an economic indicator.
What are the differences between eBRC and eFIRC?
BRC is Bank Realisation Certificate, which is issued by the bank to exporters against shipping bills of export. FIRC stands for Foreign Inward Remittance Certificate and is issued against any receipt of amount from foreign countries by a bank to their customers.
Do international Amazon sellers need eBRC?
Yes, an exporter selling on Amazon is required to get E-BRC to avail of the export benefits.
Published on June 30, 2022.

Sources:
1. http://dgftebrc.nic.in:8100/BRCQueryTrade/index.jsp
2. http://dgftebrc.nic.in/
3. http://dgftebrc.nic.in/ebrc/ebrc_downloads.htm
4. http://dgftebrc.nic.in/ebrc/e-BRC-IS/e-BRC_IS.pdf
5. https://www.dgft.gov.in/CP/?opt=other-services
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*Map not to scale. The map has been used for design and representational purpose only, it does not depict the geographical boundaries of the country. These do not conform to the external boundaries of India recognized by the Survey of India.

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