If you are an exporter in India, you must understand all about e-BRC. It is your official proof that you have received payment from your foreign buyer. Without having e-BRC, you can’t claim important export benefits like GST refunds and duty drawbacks. In this article, you will understand everything about e-BRC, including how AD Code Registration and IEC Registration affect its generation and your refunds.
What is e-BRC?
Your bank issues the e-BRC. The bank issues e-BRC Certificate only after it confirms receipt of foreign currency payment for your export shipment. The bank uploads this certificate to the DGFT (Directorate General of Foreign Trade) portal. Then, you need a valid e-BRC to claim duty drawback, MEIS/RoDTEP incentives, and GST refunds. If you miss the e-BRC certificate, you will not be able to get all these benefits.
Stepwise Process of e-BRC Certificate Generation
- You export your goods and file a valid shipping bill.
- Your overseas buyer sends payment, which your bank receives.
- Your bank verifies the payment and issues a Bank Realization Certificate (BRC).
- The bank uploads this data to the DGFT portal, and it becomes your e-BRC.
- You can log into the DGFT portal using your IEC Registration number to download your e-BRC.
Why is AD Code Registration Important for e-BRC & GST Refunds?
The AD Code is a 14-digit number your bank assigns. You must register this code at every port you use to export.
The AD Code links your shipping bill with your bank account where you receive payment. If you don’t register the AD Code correctly or if it doesn’t match the bank account on your shipping bill, the bank cannot upload your BRC.
Without the BRC upload, you won’t get your e-BRC, and this delays your GST refund. Hence, you must get AD Code Registration to avoid such issues.
Common Mistakes to Avoid regarding e-BRC and Export Business
- Not registering the AD Code with Customs at the port.
- Using a bank account that is not linked with your IEC.
- Incorrect or mismatched shipping bill details.
- Delays in submitting payment realization details to the bank.
You must avoid these mistakes to ensure your e-BRC is generated without delays. If you have any confusion, you must not hesitate to contact our experts. We are here to assist you.
FAQs
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Can I generate e-BRCs for multiple bank accounts?
Yes, You can use multiple bank accounts linked to your IEC. However, you will need to make sure each bank’s AD Code is registered at the respective export ports. Each bank uploads its payment details separately.
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Do I need an e-BRC for export services?
Yes, Service exporters also need e-BRCs to claim benefits like SEIS and GST refunds.
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How soon should I get my e-BRC after payment?
Banks typically issue the BRC within 15 days of receiving your foreign exchange. You must provide all necessary documents promptly to avoid delays.
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What if there is an error in my e-BRC?
You can contact your bank immediately to correct the errors. The bank can update and re-upload the corrected certificate to DGFT, ensuring your refund claims are not affected.
Final Words
Getting your e-BRC right is essential to claiming your export benefits smoothly. Keep your AD Code Registration and IEC Registration updated, and coordinate with your bank for timely payment verification. This will help you avoid unnecessary delays, get your right GST refunds on time, and boost your export business confidently.
If you need further assistance or have any doubts, our experts are here to help you. Call us: 8881-069-069.
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