An Electronic Bank Realisation Certificate or Bank Realisation Certificate, is a digital document issued by banks in India to exporters as proof of the receipt of export proceeds. This certificate is a crucial component in the export process, ser ving as evidence for the exporter that the payment for exported goods has been received. The e-BRC system implemented by DGFT, streamlines and digitizes the export documentation process, reducing paperwork, enhancing transparency, and facilitating quicker processing of export benefits and incentives. It also made it easier for the DGFT to keep track of lengthy incentives calculation. eBRC also acts as a repository for the inward (IRM) and outward (ORM) remittances uploaded by banks

A Bank Realisation Certificate (BRC) is a document that a bank issues to show that an exporter has been paid by an importer for the exported products. The bank should be informed of the value of the goods that exporters intend to export. The export transaction is then entered by the banks into the Export Data Processing and Monitoring System (EDPMS). Exporters must file all shipping bills with the banks after receiving payment. The banks will issue a DGFT e-BRC against the shipping bill payments and cancel the products that were received in the EDPMS. Any business applying for benefits under Foreign Trade Policy is required to furnish a valid BRC as proof of realisation of payment against exports made.

Importance of DGFT e-BRC