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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 Realizati .....

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jari , IAS , DGFT ] The Union Minister of Commerce and Industry Shri Anand Sharma presided over the ceremony in which Dr. Rajan Katoch, Director, Enforcement, Ministry of Finance and Director General of Foreign Trade Dr. Anup K Pujari signed the MoU .....

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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 e .....

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s data is an important economic indicator as it quantifies transaction level export earnings. Earlier, the banks issued physical copy of BRC to the exporters and no data mining or analysis was possible. The process for BRC issuance and subsequent uti .....

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created an integrated platform for receipt, processing and subsequent use of all Bank Realization related information by exporters, banks, central and state government departments. It was made mandatory with effect from August 17, 2012. e-BRC projec .....

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