Due date for submission of brc

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CA. Mala Rohara (Querist)
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04 August 2012 We file shipping bill manually at ICD Kheda. No due date for BRC is mentioned in shipping bill. In that case what date will be assumed. Is there any prescribed time for submission of BRC?

As per PUBLIC NOTICE NO. 06/2010-CUSTOMS "Exporters will submit a certificate from the authorized dealer (s) or chartered accountant providing details of shipment which remain outstanding beyond the prescribed time limit by the authorized dealer/RBI on a 6 monthly basis."

As due date is not mentioned in shipping bill how can we know which shipping bill are outstanding beyond the prescribed time limit.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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06 August 2012 will you read the link :

https://www.caclubindia.com/experts/implication-of-non-submission-of-brc-ag-legal-undertaking-973050.asp#.UB95hJE-1tg

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-14, the Director General of Foreign Trade introduces an electronic procedure of filing of Bank Realization Certificate (BRC).

Refer to DGFT public notice no.2 dtd 05.07.2012
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at present for claiming benefits under various schemes of Foreign Trade Policy, exporters have to obtain Bank Realisation Certificate (BRC) from banks in the existing formats prescribed at Appendix 22A (physical exports) and 22B (deemed exports) of Handbook of Procedure -Vol.1(Appendices and Aayaat Niryaat Forms) and submit the same to the Directorate General of Foreign Trade (DGFT) manually. With the introduction of electronic BRC system, banks will issue and transmit BRC’s electronically to DGFT’s server replacing the manual mode of obtaining and submitting BRC. The revised process flow with technical guidelines are available on the DGFT’s website dgft.gov.in

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