DGFT
Allowed Time till Mid-August to Banks for Transition from Physical BRC to
‘e-BRC’
[DGFT
Public Notice No. 08 dated 6th July 2012]
Sub: Introduction of electronic Bank Realization
Certificate (e-BRC) system.
Through Public Notice No.2 (RE-2012)/2009-14 dated
5.6.2012, the issuance and transmission of ‘e-BRC’ by Banks to DGFT in
electronic form has been made mandatory w.e.f. 5.7.2012.
2. Requests have
been received from various stakeholders for extension of the date of mandatory
issuance and transmission of electronic BRC’s on account of lack of
readiness. Accordingly, it has been decided that existing system of
physical BRC issuance from bank may be continued further for a period up to
16.08.2012 for smooth transition.
Effect of Public Notice:
Time upto 16.08.2012 is allowed to Banks for transition
from physical BRC system to ‘e-BRC’ system.