Page 23 - Craftcil Nov-Dec 2023

impex

Impex # 2 Pilot launch of Upgraded Electronic Bank Realisation Certificate (eBRC) system by
DGFT with effect from 14.11.2023

DGFT issues a Trade Notice for These are the days of e-commerce and the field of exports and imports is no
exception. DGFT has taken a number of measures to facilitate exports and imports.
introduction of an upgraded
The latest is an enhanced Electronic Bank Realisation Certificate (eBRC) introduced
(eBRC) system for self-
with effect from 14.11.2023. This upgraded version is based on Electronic Inverse
certification by exporters Remittance Messages (IRMS) to be transmitted directly by banks to DGFT.
with effect from 14.11.2023
The details of the above upgradation and its operation are given in Trade Notice
(Pilot Launch). No. 33/2023-24 dt 10.11.2023 (reproduced below).

DGFT Trade Notice No. 33/2023-24 | Dated: Date: 10th November 2023
Subject: Pilot Launch of the Upgraded Electronic Bank Realization Certificate (eBRC) system for self-certification
by Exporters -reg.

Self-Certification for Exporters: Reference Para 1.07 of the Foreign Trade Policy, it is a commitment of this directorate
to facilitate exports and imports, with a focus on efficient, transparent, and accountable delivery systems. To further
improve trade facilitation for exporters, this directorate has implemented an enhanced electronic Bank Realisation
Certificate (eBRC) system. 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.

2. Streamlined Workflow: The enhanced eBRC system shall enable exporters to reduce transaction time and costs. It
would also ease the burden on bankers by simplifying the reconciliation of IRMs with shipping bills, SOFTEX, invoices, etc.
and promote ease of doing business in general. A summary of the revamped eBRC system workflow is as follows .

i. Banks receiving Export Remittances will push the IRM message to the DGFT IT system electronically.
ii. 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.
iii. ii. 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.
iv. 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.

v. eBRCs can be generated for Goods Exports, Services Exports, Deemed Exports.
vi. The RBI Purpose Code and other fields mentioned in the IRM shall be used to validate the eBRC fields being
certified by the Exporter.
vii. 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.

3. Pilot Launch: A soft launch of the revamped eBRC system is proposed with effect from 15th November 2023.
Starting from given date, each bank will set its cut-off date based on their readiness after completing User Acceptance
Testing (UAT). IRMs dated on or after this bank-specific cut-off date will be sent to DGFT for exporters' self-certification.
For IRMs generated before this date, banks will generate eBRCs and submit them to DGFT, as per the legacy eBRC
process. Both the upgraded and legacy eBRC systems will operate simultaneously until all banks transition to the
upgraded eBRC system. The DGFT Website will host the list of banks with their respective IRM cut-off dates for
reference of all stakeholders.

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