Introduction of electronic Bank Realization Certificate (e-BRC) system.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Subject: Introduction of electronic Bank Realization Certificate (e-BRC) system. Through Public Notice No. 02 dated 5.6.2012 electronic issuance of BRCs have been initiated which obviates submission of physical copy of BRC to claim benefits of the FTP Schemes. 2. Following are for information and guidelines:- A. For Banks:- (i) Upload .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... xchange rate is not available from RBI then banks will do currency conversion as per their present existing practice. B. For exporters :- e-BRC details available in the DGFT server will not contain the details of amount of commission paid. This amount has to be provided by the exporter at the time of filing online application. C. For RAs:- The net f .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... -BRC is US $ 100/- and FOB value as per Shipping Bill is US $ 120/- , then Chapter 3 FTP benefit would be granted on US $ 100/-. Illustration 3 (Multiple Export Items On Single Shipping Bill) - If Shipping Bill contains 3 export items A,B and C with FOBs US $40, US $60 and US $80 respectively (total FOB US $180/-). If the total NFE realised as per e-BRC is US$90/-, then by pro-rata calcula .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X