Users asked to be careful while uploading e-BRC

[email protected] (CD Network, Photos by Ahmed Anwar )
February 13, 2013

kcci

Mangalore, Feb 13: Customers, exporters and banks alike will have to be careful before uploading e-BRC (Electronic Bank Realisation Certificate) in Directorate General of Foreign Trade (DGFT)'s web server, as modifications and correction of errors once the e-BRC is uploaded is not permitted as per DGFT rules, said Gopal Krishna Bhat, AGM, International Banking Division, Vijaya Bank, Bangalore.

Making a presentation at an interaction session on e-BRC organized by Federation of Indian Export Organisation, Ministry of Commerce, Government of India, Vijaya Bank, and Kanara Chamber of Commerce and Industry (KCCI), Mangalore, in the city on Tuesday, Mr. Bhat said that If customers want to make corrections in the contents of their already uploaded e-BRCs, they will have to request their respective bank to do the same.

The banks will check the status of their e-BRC and if the status is not 'used' or 'utilised', the banks can cancel the e-BRC by uploading to DGFT server with the status 'C' (cancelled). After successful cancellation, the banks will issue a fresh e-BRC with a fresh number, he informed.

e-BRC is issued by banks upon realization of export proceeds and it has been made mandatory with effect from August 16, 2012, with an intention to keep pace with the global trend of paperless procedures.

“However, manual BRCs issued prior to August 16, 2012, are being accepted by DGFT for settling claims for incentives,” he said adding that there must be a separate e-BRC for each shipping bill. Separate e-BRC for each part realization under the same shipping bill is also one of the basic rules of e-BRCs. No e-BRC against advance payment is entertained unless it is correlated with the shipping bill, he added.

In order to let the exporters or the customers know as to what has happened with their e-BRC documents, Mr. Bhat said that once an e-BRC is uploaded to the DGFT server, an email is sent to the customers indicating successful upload of their e-BRCs informing them of the details therein. Customers must however provide their email addresses to the concerned bank branch well in advance, Mr. Bhat said.

The official website for exporters and banks to track the status of e-BRCs is www.dgft.gov.in.

Mohammed Ameen, President, KCCI, was also present.

KC_1

KC_2

KC_3

Comments

Ramiz
 - 
Monday, 8 Jun 2020

Dear Sir/Madam,

 

 

one of my client got e-BRC from the DGFT site and the status for same shows is "Used" 

 

but he told me that he use wrong fund amount from remittance id

now he want to cancel this e-BRC 

so, my question is it is possible to cancel used e-BRC and possibilities to regenerate the same from actual fund/remittance id ?

B RENGANATHAN
 - 
Thursday, 13 Jun 2019

SIRoUR EXPORT BILL WAS REALISED DURING THE MONTH OF MARCH 2019.  BUT TILL THIS DATE E BRC IS NOT UPLOADED IN THE DGFT SITE. PLEASE HELP HOW TO SOLVE THIS ONLE OR TO WHOM WE HAVE TO CONTACT . OUR BANK IS HELPLESS

 

 

MEHRA BANDHU F…
 - 
Friday, 25 Jan 2019

HI SIR,

 

 

OUR IEC IN THE NAME OF MEHRA BANDHU FASHIONS BUT WE HAVE RECEIVD THE e-BRC IN THE NAME OF SHREE FASHIOS WHICH IS WRONG HOWEVER ALL THE SHIPPING BILL ARE FILE IN CORRECT IN THE NAME OF MEHRA BANDHU FASHIONS . PLEASE HELP US RESOLVING THE ISSUE .

 

shiv malviya
 - 
Wednesday, 28 Sep 2016

Banks are heavily charging for uploading the documents on the website and saying e BRC is free but charge is for realization and uploading the documents. They also charge heavy for generating eBRC for deemed export where acually no foreign transactions happen. Kindly support us by providing links where these charges are waived off.

Sabine
 - 
Monday, 11 Apr 2016

Jay, All in all there is not one technique that beats them all.
As history does repeat itself we lend your concepts and methods based upon the past.

There is not one person who can anticipate the future and investing is more simple than exactly what
numerous individuals attempt to make it out to be. Reselling
is the exact same as a financial investment, let's not complicate what has to remain simple.JoseLikeLike

Also visit my page lawyer read: http://www.google.com

Darryl
 - 
Sunday, 10 Apr 2016

Hey tim (thanks !!)About investing and stocks i warmly a
good idea reading Nicholas Taleb books \The black swan\".
It's a remarkable enlightment on how things works.Loved the video and cannot wait to see Part
2. I don't think that stocks deals with 4HWW way of life (however you are the specialist!).
How much time do you take/plan to handle your financial investment?
LikeLike

Also visit my page :: bankruptcy petition: http://www.google.com"

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 14,2020

Bengaluru, Apr 14: Former Karnataka Chief Minister Siddaramaiah on Tuesday demanded that BS Yediyurappa-led government should cut down on 'unnecessary' expenditures to mobilise funds to fight against coronavirus.

"Yediyurappa government needs to cut down on unwanted expenses which government is spending on several things in order to save the taxpayers money to fight against coronavirus," said Siddaramaiah here in a press conference.

He alleged that the ruling state government is indulged in corruption due to which the government is running bankrupt, adding that instead of mobilising funds, Yediyurappa government is only concentrating on auction of Bangalore Development Authority (BDA) sites.
Siddaramaiah claimed that the "BDA was already in loss".

"The present government does not have money due to its involvement in corruption. The Karnataka government must concentrate on cutting expenses and there is no need to waste money on unwanted things including vehicles for board and corporations chiefs," said the Congress Legislature Party (CLP) leader.

"Yediyurappa government has decided to auction more than 12,000 BDA sites to get benefit of Rs 15,000 crore, rather than fullfiling requirements of people of the state at the time of coronavirus crisis," he said.

In Karnataka, 247 people have tested positive for coronavirus, including 59 cured and discharged and 6 deaths, according to the Union Health Ministry.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
January 19,2020

Bengaluru, Jan 19: Technology hub Hyderabad has edged out 129 other cities in the world to emerge as the world's most dynamic city, according to the seventh edition of the City Momentum Index by global real estate services firm JLL.

The city has pushed Bengaluru to second place to regain the top position after a gap of one year. Chennai is at fifth and Delhi is at sixth place.

While Hyderabad and Bengaluru are the top two cities globally for socio-economic momentum, a more active real estate market helped elevate Hyderabad to first position in the overall ranking, says the report released by the US-based Jones Lang Lasalle (JLL) on Saturday night.

Hyderabad recorded the highest office net absorption in 2019 (as a proportion of existing stock) of any city globally, while it is also among the world's best-performing cities for prime office rental growth.

While all seven major Indian cities feature in this year's Global Top 20, cities in south India in particular - Hyderabad, Bengaluru and Chennai (5th) "are ahead of their northern peers, supported by favourable demographics and business climates".

"Their expanding tech industries and start-up cultures make them a magnet for young and ambitious talent from across the country, with Bengaluru having one of the world's largest concentrations of 'engine room' population (20-40-year-olds), typically the most dynamic and productive age cohort," says the report.

Kolkata and Mumbai made it to the top 20 and stood at the 16th and 20th positions. Despite an economic slowdown, India leads the 2020 Index with seven Indian cities in the top 20.

"Commercial real estate in south Indian cities is growing at a rapid pace. Hyderabad has seen tremendous growth in 2019 in line with that of Bengaluru. The city has actively embraced technology-driven economic growth and attracted large tech giants and e-commerce players. The state government's focus on business-friendly policies and provision of high-quality infrastructure along with availability of quality talent pool and superior quality business parks has given Hyderabad a competitive edge," said Ramesh Nair, CEO and Country Head - India, JLL.

Telangana's Minister for Information Technology and Industry K T Rama Rao said he was thrilled over Hyderabad not only regaining the top slot but also over the fact that it was competing with cities like Shenzhen and Shanghai in innovation economy.

The minister said 50 percent weightage from socio-economic indicators beside the remaining 50 percent from commercial and real estate was also heartening.

KTR, as the minister is popularly known, noted that in 2014 when Telangana attained statehood, Hyderabad was not even in the list. He recalled that when Telangana was formed there were many doubts as to what would happen to Hyderabad. "It entered the top 20 in 2015 and rose to fifth place in 2016 and third position in 2017. Hyderabad topped the list in 2018 and finished second the last year. This year it is back at the top," he said.

The JLL City Momentum Index identifies a number of key growth drivers, including talent attraction, the expansion of innovation hubs and better urban planning, that cities can employ to meet the challenges faced by rapid momentum.

Several cities in the top 20 stand out as they transform their urban environments in pursuit of a low-carbon future. In India, Hyderabad is looking at technology to reduce the demand for air conditioning with cool roofs that reflect sunlight and absorb less heat, it said.

"The growth of "micro-mobility" is another positive step, illustrated by Hyderabad's introduction of smart bikes and electric cars. Smart city solutions, such as bike rentals, improved quality of life, help increase inclusion and aid in the transition to a low carbon environment."

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
coastaldigest.com news network
May 9,2020

Chikkamagaluru, May 9: A young Hindu activist allegedly killed his brother at Beeranahalli in Tarikere taluk of Chikkamagaluru district in Karnataka over a board game dispute.

The accused has been identified as 26-year-old Kiran and the victim is his 29-year-old brother Arun, said police.

According to police, the duo were playing a board game on Thursday and they had placed a bet of Rs 500. 

After Arun won the game, he asked for the money and Kiran refused to yield, which lead to an argument. 

In a fit of rage, an intoxicated Kiran hit his brother and when the latter fell unconscious and dragged him on to the road.

Arun was immediately rushed to McGann Hospital in Shivamogga. However, he died on Thursday night, said police.

A case was registered at the Lakkavalli Police Station.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.