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DGFT and Enforcement Directorate Sign MoU on Foreign Exchange Data Sharing

Dated:- 1-4-2015 - The Enforcement Directorate today signed a Memorandum of Understanding (MoU) with Director General of Foreign Trade (DGFT) for sharing of foreign exchange realization data. This data is also known as eBRC (Electronic Bank Realization Certificate) data. [From Left to Right : Rajan Katoch, IAS , Director , Enforcement Directorate , Sumit Bose, IAS , Revenue Secretary, Hon ble Anand Sharma , Union Commerce & Industry Minister, S. R. Rao , IAS , Commerce Secretary and A. K. Pu .....

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t departments would increase transparency, reduce the human interface and improve the ease of doing business in India. The eBRC project is a significant step in this direction and will contribute considerably in reducing the transaction cost of our exporters, added Shri Sharma. Bank Realization Certificate (BRC) is required for discharge of export obligation and claiming of incentives under Foreign Trade Policy. BRC is also used by state government departments for refund of VAT. In addition, thi .....

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