DGFT e-BRC Certificate: Process, Documents & Incentives

The e-BRC stands for Electronic Bank Realisation Certificate, an initiative by the DGFT to promote paperless trade and digitalise BRCs.The DGFTserver, which is protected by a digital signature, requires banks to send BRC data electronically. e-BRC are the BRCs that the banks transmit electronically.

Electronic documents known as e-BRCs, serve as proof of payment received by exporters in relation to trade transactions. E-BRCs systematically record foreign trade transactions. The earlier e-BRC portal was stopped in July 2022. The DGFT BRC new portal operates now, and the Authorised Dealer (AD) banks must move to the new DGFT e-BRC portal and upload e-BRCs on the DGFT website.Through the EDI ports, DGFT electronically receives shipping bill information. With the integration of the bank, Foreign currency realisation details may be connected to all shipping bills is being received by DGFT. The value at which the exporter will receive an incentive is verified by linking the data from the shipping bills (FOB value of exported items) and the e-BRC (Final payment received against export). Exporters using EDI shipping bills should link the relevant shipping bill and e-BRC online in order to be eligible for an incentive. They are not required to send paper copies to the DGFT.

• When the exporter receives the entire shipping bill payment in the bank account within nine months of the shipping bill date, they will submit an Electronic Foreign Inward Remittance Certificate (eFIRCs) and export documents with the respective bank.
• BRC will be generated by the bank upon receipt of the export payments.
• The bank staff generates an XML file containing information about e-BRC and will digitally sign it.
• The e-BRC will be uploaded by the bank on the DGFT server once or twice daily at a predetermined frequency.
• The banks will be uploading rupees equivalent to the realised foreign exchange based on the exchange rate defined by the Central Board of Excise and Customs (CBEC).
• The server gives acknowledgment to the bank about XML files being uploaded.
• The exporter can view the status and print/download the e-BRCs from the DGFT website and claim export incentives.

TA certificate issued by the bank as proof of international payments for exports consisting of all the remittance details is known as a Foreign Inward Remittance Certificate (FIRC). It serves as documentation of a transfer of foreign money. It keeps track of the transfer source as well as the amount in foreign currency and rupees in India. When they receive payments from sources outside of India, sellers and service exporters ought to obtain FIRC.

The importance of an e-BRC in exports includes the following:

• Businesses applying for benefits under the Foreign Trade Policy must submit an e-BRC as proof of export.
• An e-BRC serves as official confirmation that payment has been received for an export transaction.
• It is mandatory for claiming export incentives like duty drawback, GST refunds, and benefits from various government schemes.
• The e-BRC ensures compliance with DGFT, RBI, and FEMA regulations, helping exporters avoid penalties or delays.
• Real-time digital processing facilitates tracking of export payments and expedites claims, reducing paperwork and errors.
• This digital certificate ensures transparent data sharing and efficient validation of export transactions by government authorities.
• The e-BRC aids in accurate reconciliation of shipping and financial records for regulatory and audit purposes.
• It contributes to India's trade digitization efforts, streamlining business operations with faster, paperless certification.

To ensure compliance, exporters must have the following key documents ready when applying for an e-BRC:

• Registered business name and address proof
• Shipping bill related to the export transaction
• Bank account details where the foreign payment was received
• Import Export Code (IEC)