Importance of e-BRC for Exporters
Posted: Wed Feb 12, 2025 5:11 am
Here are some of the reasons why e-BRC is essential rather beneficial for you:
Time-efficient
With the introduction of e-BRC, you no longer need to invest time and effort in visiting the bank to obtain the Bank Realisation Certificate. The need to go to the regional branch of DGFT to submit the certificate has also been eliminated, as the whole process can be carried out online. You just have to apply for the certificate and the bank will issue a digital e-BRC automatically as you receive payments for the goods or services you export. Conformity with DGFT regulations
Per DGFT, exporters must obtain e-BRC, proving they’ve received payment for lebanon phone number list all their goods and services.
Claim benefits
The government of India offers many benefits to exporters. These include various subsidies, exemptions, and loans at a fairly low cost. To avail themselves of these benefits, you must produce e-BRC.
Easy access
e-BRC system maintains a digital record of all the export transactions. You can retrieve the record as and when needed by following a few simple steps.
Ensures transparency
Making this digital document mandatory ensures that the amount earned through exports is reported accurately. It also confirms that you enter the correct figures while filing income tax.
Time-efficient
With the introduction of e-BRC, you no longer need to invest time and effort in visiting the bank to obtain the Bank Realisation Certificate. The need to go to the regional branch of DGFT to submit the certificate has also been eliminated, as the whole process can be carried out online. You just have to apply for the certificate and the bank will issue a digital e-BRC automatically as you receive payments for the goods or services you export. Conformity with DGFT regulations
Per DGFT, exporters must obtain e-BRC, proving they’ve received payment for lebanon phone number list all their goods and services.
Claim benefits
The government of India offers many benefits to exporters. These include various subsidies, exemptions, and loans at a fairly low cost. To avail themselves of these benefits, you must produce e-BRC.
Easy access
e-BRC system maintains a digital record of all the export transactions. You can retrieve the record as and when needed by following a few simple steps.
Ensures transparency
Making this digital document mandatory ensures that the amount earned through exports is reported accurately. It also confirms that you enter the correct figures while filing income tax.