e-BRC Project won 2013 eASIA Award Directorate General of Foreign Trade’s e-BRC project has won the 2013 eASIA Award under Trade Facilitation category. The award was announced by Asia Pacific Council for Trade Facilitation and Electronic Business (AFACT) in Ho Chi Minh City, Vietnam on 29 November 2013 About e-BRC Project electronic Bank Realization Certificate (e-BRC) project was launched on 5 June 2012, to electronically transmit foreign exchange realization details on exports from the respective banks to Directorate General of Foreign Trade (DGFT). The project has 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 17 August 2012. The Bank Realization Certificate is required for discharge of export obligation and to claim incentives under Foreign Trade Policy. Earlier, this certificate was issued by banks manually. BRC is also used by state government departments for refund of VAT
Posted on: Tue, 03 Dec 2013 18:50:15 +0000
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