Introduction of new RBI- BRC Module for monitoring of realization of Export proceeds for shipping bills with LEO dates from 01.04.2014 onwards - Customs - PUBLIC NOTICE NO. 242/2017

GOVERNMENT OF INDIA MINISTRY OF FINANCE, DEPARTMENT OF REVENUE OFFICE OF THE COMMISSIONER OF CUSTOMS, CHENNAI-IV CUSTOMS HOUSE, 60, RAJAJI SALAI, CHENNAI 600001 F.NO.S.Misc.36/25/2015-BRC(DBK) Date: 20.11.2017 PUBLIC NOTICE NO. 242/2017 Sub: Introduction of new RBI- BRC Module for monitoring of realization of Export proceeds for shipping bills with LEO dates from 01.04.2014 onwards- reg. Attention of exporters. Custom Brokers and all members of trade is invited to Instructions contained in Board s Circular No. dated 02.02.2009 and Public Notice No.44/2009 dated 31.03.2009 issued by this Custom House, wherein all exporters Were requested to submit the details of realization of exports proceeds /certificates from their authorized dealer/chartered accountant in respect of EDI shipping bills having LEO dates from 01/04/2001 to 31/03/2014. 2. In this regard attention is also invited to the DG systems letter F. No. IV(35)/58/2012-Sys dated 18.1 1.2015. Board s instructions vide letter F. No. 609/59/2012-DBK dated 27.11.2015 and Public Notice No.232/2015 dated 07/12/2015 issued by this Custom House. wherein, it was mandated to use the online RBI- BRC module for monitoring of realization of export proceeds in EDI for all the shipping bills where LEO was granted on or after 01.04.2()14. Also, in respect of the new RBI-BRC module, exporters were advised to check BRC integration status with effect from 01.04.2014 with Customs, using the ICF.GATE enquiry module or follow up with the authorized dealer bank to get the information transmitted to portal of RBI (EDP MS). However, it is observed that some exporters are still submitting the details of realization of exports proceeds/certificates from their authorized dealer/chartered accountant manually in respect of EDI shipping bills whose LEO was granted on or after 01.04.2014 3. In this context. it is once again reiterated that after the launch of the new RBI-BRC Module (RBI-MIS Reports) with effect From 26.06.2014. the BIRC Monitoring Cell Chennai-IV Commissionerate would monitor the realization of export proceeds for shipping bilks with LEO dates on or after 0k under the new RBI-BRC Module and would stop accepting/acknowledging 6 monthly negative statement from authorized dealers /chartered accountants showing the proof of realization export proceeds (BRC ). 4. However shipping bill whose LEO was granted prior to 01.04.2014. would continue to be dealt in terms of provisions of Board s Circular No. 5/2009-Cus dated 02.02.2009 and Notice No. 11/2009 dated 31.03.2009 and subsequent Public Notices Issued by this Custom House. 5. Any difficulties in implementation of the above procedure may be brought to the notice at the undersigned (PRAKASH KUMAR BEHERA) COMMISSIONER OF CUSTOMS Chennai - IV