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DGFT and Commercial tax department of Bihar Signed MoU on Foreign Exchange Data Sharing

News and Press Release - Dated:- 16-1-2016 - The Commercial tax department of Bihar has signed a Memorandum of Understanding (MoU) with Directorate General of Foreign Trade (DGFT) for sharing of foreign exchange realization data. Smt. Sujata Chaturvedi, Commissioner cum Principal Secretary, Commercial Taxes Department represented Government of Bihar while Shri D. K. Singh, Additional DGFT represented DGFT. The ceremony was presided over by DGFT Shri Anup Wadhawan. The foreign exchange realizatio .....

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perative banks have uploaded more than 1.5 Crore e-BRCs on to the DGFT server. The eBRC project created an integrated platform for receipt, processing and subsequent use of all Bank Realization related information by exporters, banks, central and state government departments. Earlier, the banks issued physical copy of BRC to exporters and no data mining or analysis was possible. The process for BRC issuance and subsequent utilization were largely manual and department centric. The exporters suff .....

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