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English Release 2-September 2014
Date Month Year
  • Vice President's Secretariat
  • Vice President Inaugurates 89th Foundation Course at Lal Bahadur Shastri National Academy of Administration in Mussoorie
  • Prime Minister's Office
  • Text of Prime Minister Shri Narendra Modi’s remarks at the Indian Community Reception in Tokyo
  • Text of Prime Minister Shri Narendra Modi’s remarks after inaugurating the TCS Japan Technology and Culture Academy
  • Text of Prime Minister Shri Narendra Modi’s keynote address at welcome reception hosted by Japan-India Association and Japan-India Parliamentary Friendship League
  • PM inaugurates Vivekananda Cultural Centre at Indian Embassy in Tokyo
  • PM’s remarks at the Indian Community Reception in Tokyo
  • PM's keynote address at welcome reception hosted by Japan-India Association and Japan-India Parliamentary Friendship League
  • Text of Prime Minister Shri Narendra Modi’s keynote address at event organized by Nikkei Inc. and Japan External Trade Organization (JETRO)
  • PM's keynote address at event organized by Nikkei Inc. and Japan External Trade Organization (JETRO)
  • Text of Prime Minister Shri Narendra Modi’s special lecture at the University of the Sacred Heart, Tokyo
  • PM’s remarks after inaugurating the TCS Japan Technology and Culture Academy
  • PM's special lecture at the University of the Sacred Heart, Tokyo
  • Min of Agriculture
  • Government puts Agriculture Sector on Fast Track
  • Min of Defence
  • Fast Patrol Vessel ICGS Abhiraj Commissioned at Tuticorin
  • Min of Environment and Forests
  • Initiatives of the Ministry of Environment, Forests & Climate Change
  • Ministry of Finance
  • A High Level Committee Constituted for Considering the Proposals for Assessment of Income arising or accruing before 1st April, 2012 on Account of Retrospective Amendments to the Provisions Related to Indirect Transfer
  • Min of Health and Family Welfare
  • Revised strategy for Kala Azar eradication launched
  • Min of Home Affairs
  • MHA Asks Manipur Govt to Take Preventive Steps in view of UNC Blockade
  • Union Home Minister asks Kerala CM to take Strict action against Political Killings
  • Min of Information & Broadcasting
  • I&B Ministry initiatives to enhance Outreach and information dissemination through multiple platforms
  • Min of Petroleum & Natural Gas
  • Petroleum Minister emphasizes on adopting energy efficient techniques for better development of the nation
  • Global crude oil price of Indian Basket was US$ 101.29 per bbl on 01.09.2014
  • Min of Power
  • Landmark Initiatives for Energy Efficiency Launched
  • Min of Rural Development
  • Sweeping changes made in MGNREGA by Nitin Gadkari
  • Min of Science & Technology
  • Atomic Energy Regulatory Board (AERB) Releases the Annual Report for the Year 2013-14
  • MoU Signed between National Cancer Institute, AIIMS, Jhajjar Campus and DBT, GOI
  • Dr Jitendra Singh Announces DBT Collaboration in Establishing A “National Cancer Institute” at Jhajjar, Haryana.
  • Min of Tribal Affairs
  • “Single Window System” for Obtaining Market Information on Minor Forest Produces Through Toll Free Number 1800 180 1551

Previous Date

 
Ministry of Commerce & Industry20-November, 2012 17:13 IST
Eight Lakh E-BRCs issued in First three Months
DGFT Writes to heads of Banks to Address E-BRC issues

As nearly eight lakh Electronic Bank Realisation Certificates (eBRCs) have been issued in the first three months since the introduction of eBRC on August 17, 2012, Director General of Foreign Trade (DGFT) Dr. Anup K Pujari has written to Chairpersons of all the banks to address the issues pertaining to eBRC. “We are trying to bring down the transaction cost for everyone involved - exporters, government and banks...effort is to make available all the relevant information to the stakeholders without compromising the privacy,” said Dr. Pujari who reviewed the progress of eBRC with banks here today.

Bank Realisation Certificate (BRC) is issued by a bank after realisation of export proceeds in the country. It is an important document required for claiming benefits under various FTP schemes. In addition, BRC data is used by VAT, Income tax and Drawback departments. Moving towards paperless trade and with a view to reduce transaction cost, DGFT, with effect from August 17 this year, has introduced eBRC and stopped accepting physical copy of BRC. The eBRC module developed by DGFT enables electronic transmission of foreign exchange realisation from banks to DGFT server. This process is made secure by use of digital certificate.

Claiming that the scheme is running successfully, Dr. Pujari informed that 104 bank have been issued user ID code by DGFT. Out of this 62 banks have been registered with DGFT and they have transmitted 7,87,874 e-BRC to DGFT server.

eBRC is available for Chapter 3, DEPB and DFIA. It will be extended to Export Obligation Discharge Certificate (EODC) within a month. “DGFT is aiming to be the most digital friendly department in the government and adoption of electronic means will strengthen transparency, speed and responsiveness of the department while bringing down the transaction cost for everyone,” said Dr. Pujari.

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DS
(Release ID :89144)

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