Revised guidelines for e-BRC issuance

Dear Customer, This is to bring to your notice that the Directorate General of Foreign Trade (DGFT) has revised the process of e-BRC (electronic Bank Realisation Certificate) generation introduced by DGFT (Directorate General of Foreign Trade). As per the revised process, DGFT has migrated the dependency of e-BRC generation from Banks and RBI Export Data Processing & Monitoring System (EDPMS) to a secured DGFT system where exporters will be able to self-generate e-BRCs by logging in through their Import Export Code (IEC).   Following are key features of the new system: • In this new system, exporters will have to map shipping details/ documents against the pre-populated Inward Remittance Messages (‘IRMs)* received against their IEC and generate e-BRCs on Suo Moto basis against those IRMs. • Multiple shipping bills/ invoices can be mapped to a single IRM, and multiple IRMs can be linked to a single shipping bill/ invoice. • System will have validation for purpose codes for both service and merchandise exports. • System will allow multiple purpose codes to be linked to a single e-BRC. • System will have the functionality for e-BRC amendment/ cancellation of unutilised e-BRCs. • This new system will reduce the documentation and turnaround time in e-BRC generation for exporters, as it is independent of EDPMS outstanding. • These e-BRCs are also visible to the exporter’s Bank to track their utilisation/ cancellation. *IRM details will be shared by Authorised Dealer ( ‘AD’ ) Banks to DGFT.   Process for e-BRC generation • Exporters are required to log in to their IEC Account on DGFT portal for e-BRC generation where they will be able to locate all the IRMs against their IEC. • Exporters can either fill the export details manually against a single IRM or download these IRMs in bulk (preferably in csv format) based on different filters like date, bank name, etc. and upload the file on the portal. • Exporters can also upload shipping documents/ invoices individually or in bulk in a predefined format. • For merchandise exports, exporter needs to upload shipping bill details and for service exports, user needs to upload invoice details. Please find below diagrammatic representation of the new process for easier understanding: Image source : DGFT   For more information on the revised guidelines for e-BRC issuance, please contact your nearest trade-enabled branch/Relationship Manager.     Sincerely, Team ICICI Bank   Need assistance?     Access your account     T&Cs Disclaimer   This is a system generated e-mail. Please do not reply.