Pilot Launch of the Upgraded Electronic Bank Realization Certificate (eBRC) system for self-certification by Exporters

Directorate General of Foreign Trade vide circular dated 10th November 2023 has announced Pilot Launch of the Upgraded Electronic Bank Realization Certificate (eBRC) system for self-certification by Exporters. This more streamlined process is based on electronic Inward Remittance Messages (IRMs) to be transmitted directly by banks to DGFT. Based on the IRMs received, the exporters shall self-certify their eBRCs.

A summary of the revamped eBRC system workflow is as follows –

1. Banks receiving Export Remittances will push the IRM message to the DGFT IT system electronically.
2. Banks shall push the IRMs pertaining to the Trade Account only and not the IRMs pertain to Capital Account etc. i.e., remittances pertaining to Goods or Services Exports.
3. IRM details will be accessible to the relevant IEC holder upon logging onto the DGFT Website (https://dgft.gov.in). Since IECs are linked to PAN, only the concerned IEC holder will have visibility to their IRM.
4. Exporter will create eBRCs by matching IRM with relevant shipping bills, SOFTEX, or invoice details. Multiple IRMs may be grouped under one eBRC, or one IRM can be split amongst several eBRCs.
5. eBRCs can be generated for Goods Exports, Services Exports, Deemed Exports.
6. The RBI Purpose Code and other fields mentioned in the IRM shall be used to validate the eBRC fields being certified by the Exporter.
7. Banks will have access to all eBRCs created from the IRMs they input. Banks would have the option to flag any eBRC for further examination or request input from the exporter concerned.