Circular No.ES/270/2017-18 December 20, 2017
To: Members of the Council
As you may be aware, Bank Realization Certificate (BRC) is required to be submitted to Customs by the exporters as proof of realization of sale proceeds for exports. Further, for exports with Let Export Order (LEO) date, from 01.04.2014 onwards, an electronic system of reconciliation of sale proceeds (RBI-BRC module) is made functional by DG (Systems) in coordination with RBI,
In this regard, members of Trade have highlighted the following problems-
Now, Board has decided that for exports with LEO dates 12.08.2012 onwards till 31.03.2014, DGFT's e-BRC would be accepted, except in case of specific intelligence or information of misuse. This shall be subject to appropriate declaration by the exporter on back of DGFT e-BRC.
Members may make a note of the above.