Bank realisation Certificate (BRC)

mr deepak link is for you:

/experts/brc-548950.asp#.T9hCe1I-1d4

HI,

CAN ANY1 HELP ME OUT PREPARING BRC IN FOLLOWING CIRCUMSTANCES:

I HAVE RECEIVED A PAYMENT FROM THE PARTY 50% ADVANCE TOWARDS EXPORTS IN USD AND REMAINING 50% BUYER HAS REMITED ME BALANCE INVOICE AMOUNT IN EURO INSTEAD ON USD; THEREFORE KINDLY HELP ME OUT HOW TO SHOW THE SAME IN BRC...

I HAVE REALISED USD TO INR AND EURO TO INR AT MARKET RATE ON TT RECEIVING DATE.

LOOKING FORWARD FOR SUGGESTION ON THE ABOVE MENTIONED CASE AT THE EARLIEST....

i will provide you the BRC after preparing as per your need kindly attached here EP copy of shipping bill, and INvoice.

Regards,

Dear Sir, 

  We had made a Export of Iron ores fines to china, and same had made export from vishakhapatnam.  Vishakhapatnam Custom office requred a BRC from our Bank which is lacated in Mumbai , and bank is demanding for Exchange Pramotion Copy from custom , but custom had already provide us Exchange Control copy, and custom department says exchange pramotion copy will get after competing all procedure including BRC also., so kindly guide us what is the correct  procedure for above, to clear these matter. 

Regards 

George Cherian 

Originally posted by : George J. Cherian
	Dear Sir,    We had made a Export of Iron ores fines to china, and same had made export from vishakhapatnam.  Vishakhapatnam Custom office requred a BRC from our Bank which is lacated in Mumbai , and bank is demanding for Exchange Pramotion Copy from custom , but custom had already provide us Exchange Control copy, and custom department says exchange pramotion copy will get after competing all procedure including BRC also., so kindly guide us what is the correct  procedure for above, to clear these matter.  Regards  George Cherian

 AS PER FOREIGN TRADE POLICY"The duplicate copy of the GR form is submitted to the AD banks for monitoring purposes, by the exporters within 21 days from the date of shipment of export."

4% CUSTOM IMPORT SAD REFUND PL CALL 9324768533

> Is it necessory to take BRC for each export invoice raised?

as now a days since DEPB is get cancelled we prepare the BRC for FMS only ( Focus Market Scheme) So  please let me know  Is it necessory to take BRC for each export invoice raised.

Thanks
 

Bank Realisation Certificate (BRC) is issued by a bank after realisation of export proceeds in the country. It is an important document required for claiming benefits under various FTP schemes. In addition, BRC data is used by VAT, Income tax and Drawback departments. Moving towards paperless trade and with a view to reduce transaction cost, DGFT, with effect from August 17 this year, has introduced eBRC and stopped accepting physical copy of BRC. The eBRC module developed by DGFT enables electronic transmission of foreign exchange realisation from banks to DGFT server. This process is made secure by use of digital certificate.

Originally posted by : deepak
	HI, CAN ANY1 HELP ME OUT PREPARING BRC IN FOLLOWING CIRCUMSTANCES: I HAVE RECEIVED A PAYMENT FROM THE PARTY 50% ADVANCE TOWARDS EXPORTS IN USD AND REMAINING 50% BUYER HAS REMITED ME BALANCE INVOICE AMOUNT IN EURO INSTEAD ON USD; THEREFORE KINDLY HELP ME OUT HOW TO SHOW THE SAME IN BRC... I HAVE REALISED USD TO INR AND EURO TO INR AT MARKET RATE ON TT RECEIVING DATE. LOOKING FORWARD FOR SUGGESTION ON THE ABOVE MENTIONED CASE AT THE EARLIEST....

Mention both the receipt in single BRC as there are separate field for currency, conversion rate, Invoice value and realized value.

Dear sir,

We have exported goods to nepal in the month of october-2014 & filed rebate claim for duty. Now the payment we received from third party on behalf of our customer so the bank declined to issue bank realisation certificate becuase the payment received from third party. & for the rebate claim they are asking for BRC so my question is is the BRC is necessary for rebate? or kindly give some suggestion for issue BRC in the case of payment received from third party

sir, can any one let us konw?

what are limit for getting bank realisation certificate in mandatory nature? 

Which bank issues BRC ?

The bank where funds from foreign were received?

Or the bank which gives us the duty draw bank?

Thanks in advance for reply.

I have a special case.

I exported in 2006-2009 years. Later I had to close my export activities due to non-availability of orders.

I have no papers right now with myself.

Now customs dept asked me to provide BRCs of my export proceedings.

Where I may have from the BRCs of my export proceedings of 2006-2009 now?

To whom I have to approch?

Plz reply.

Thanks.

Shakendra Singh.