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.
Bengaluru, Feb 14: After the swearing-in of ten former JDS and Congress MLAs, political boundaries seem to have become more fluid, with little clarity on who is on whose side. When Honnali BJP MLA Renukacharya visited senior Congressman DK Shivakumar at the latter’s residence, many eyebrows were raised over the reason behind the meeting. There was speculation over why Renukacharya would be meeting a man who is, in all likelihood, slated to be the next KPCC president.
Comments
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 ?
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
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 .
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.
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