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English Release 28-July 2014
Date Month Year
  • President's Secretariat
  • President congratulates medal winners in Commonwealth Games
  • Vice President's Secretariat
  • Vice President Greets Citizens On Id-Ul-Fitr
  • Prime Minister's Office
  • Foreign Minister of Uganda calls on PM
  • Election Commission
  • Bye-elections to the State Legislative Council of Andhra Pradesh and Maharashtra by the Members of Legislative Assembly
  • Min of Agriculture
  • Rashtriya Gokul Mission Aims to Conserve and Develop Indigenous Breeds
  • Min of Defence
  • IAF Receives the 6th C-17 Globemaster III in the Presence of Hon’ble Defence Minister Shri Arun Jaitley
  • BEL-Bangalore Complex Certified for ISO 27001
  • Min of Environment and Forests
  • Advertising campaign to be launched to popularize Science Express- Biodiversity Special- Prakash Javadekar
  • Ministry of Finance
  • Auction for sale (Re-Issue) of Government Stock
  • Min of Health and Family Welfare
  • “Mass awareness required on simple steps to control diarrhoea”
  • Min of Home Affairs
  • Union Home Minister reviews Disaster Management and Border Management Divisions
  • Min of Personnel, Public Grievances & Pensions
  • Special Class Railway Apprentices’ Examination, 2014
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket increased marginally to US$ 106.01 per bbl on 25.07.2014
  • Min of Shipping
  • Kanika Sands Transshipment Zone
  • Min of Textiles
  • Textiles Vision Document Projects Textiles Export to Touch US $ 300 Billion by the Year 2024-25
  • Min of Urban Development
  • Bio-metric attendance system soon for employees of urban ministries
  • Min of Women and Child Development
  • The Number of Beneficiaries Covered under ICPS on the Rise
  • Total of 3924 Children placed in In-Country adoption during 2013-14
  • Min of Youth Affairs & Sports
  • India wins 5 Medals on Day 4 of the Commonwealth Games 2014

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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