MANU/CUCR/0005/2017

Ministry : Ministry of Finance

Department/Board : CBEC Customs

Circular No. : 06/2017-Customs

Date : 28.02.2017

Notification/ Circulars Referred : Circular No. 5/2009-Customs dated 2.2.2009 MANU/CUCR/0009/2009;Instruction No. 609/59/2012-DBK dated 27.11.2015 MANU/CUST/0059/2015

Citing Reference:
Circular No. 5/2009-Customs dated 2.2.2009 MANU/CUCR/0009/2009  Referred

Instruction No. 609/59/2012-DBK dated 27.11.2015 MANU/CUST/0059/2015  Referred

To

Principal Chief Commissioners / Principal Directors General
Chief Commissioners / Directors General
Principal Commissioners &
Commissioners, all under CBEC

Sir/Madam,

Acceptance of e-BRC of DGFT towards proof of realization of sale proceeds for exports with LEO date upto 31.03.2014 under drawback scheme -reg

Attention is invited to Board's Circular No. 5/2009-Customs dated 2.2.2009 which prescribes Bank Realization Certificate (BRC) as one of the documents that may be submitted to Customs by the exporters as proof of realization of sale proceeds for exports. Further, for exports with 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 Reserve Bank of India (RBI), which has been dealt in Instruction No. 609/59/2012-DBK dated 27.11.2015.

2. A difficulty has been highlighted by field formations and trade that for exports with LEO date 12.08.2012 onwards till 31.03.2014, DGFT's e-BRC (which is also verifiable from DGFT website) is not being accepted and negative statement from statutory auditor or AD bank is insisted which adds to transaction cost. Non-acceptance of e-BRC of DGFT by field formations is due to fact that it contains "realized value" details but does not contain details of commission, freight, insurance etc. which are often relevant for drawback purpose.

3. In light of the above, the Board has decided that for exports with LEO dates 12.08.2012 onwards till 31.03.2014,