Скачать или смотреть How to Cancel an e-BRC Online | e-BRC Cancellation Process Explained | Cancel e-BRC A Complete Guide

How to Cancel an e-BRC Online | e-BRC Cancellation Process Explained | Cancel e-BRC A Complete Guide

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What is an e-BRC?

Core Definition: An e-BRC is a crucial digital certificate issued by banks to Indian exporters. It serves as official proof that the exporter has received payment in foreign currency from an overseas buyer against the export of goods or services.

Purpose:
Compliance: It's a mandatory document for exporters to comply with foreign exchange regulations set by the Reserve Bank of India (RBI) and the Directorate General of Foreign Trade (DGFT).
Claiming Export Incentives: The primary reason exporters need an e-BRC is to claim various government benefits and incentives offered under India's Foreign Trade Policy (FTP). These can include:

Duty Drawback
GST Refunds on zero-rated exports
Schemes like RoDTEP (Remission of Duties and Taxes on Exported Products)
Interest Equalisation Scheme

Record Keeping & Audit: It provides a digital record of export transactions, simplifying audits and assessments by various regulatory bodies like DGFT, GSTN, and Income Tax Department.
Evolution to e-BRC: Before 2012, BRCs were physical documents. The DGFT introduced the e-BRC system to digitize and streamline the process, promoting paperless trade, reducing manual intervention, and speeding up benefit claims.

Issuance Process (Simplified):
The exporter ships goods/services and receives payment from the foreign buyer.
The foreign inward remittance (payment) is received in the exporter's bank account.
The exporter submits relevant export documents (e.g., shipping bill, invoice, eFIRC - Electronic Foreign Inward Remittance Certificate) to their Authorized Dealer (AD) bank.
The bank verifies the payment and documents.
The bank generates the e-BRC (or the exporter self-certifies it based on bank-uploaded IRMs) and transmits the details electronically to the DGFT server.
Why would an e-BRC need to be cancelled?

Despite the streamlined process, situations may arise where an e-BRC needs to be cancelled:

Error in Generation: Mistakes made during the self-certification process, such as incorrect shipping bill details, amount, currency, or other data entry errors.
Unutilized e-BRC: An e-BRC might have been generated for a transaction that was later cancelled or altered, rendering the e-BRC obsolete for its original purpose.
Duplicate e-BRC: Accidental generation of the same e-BRC twice.
Mismatched Data: If the details in the e-BRC don't perfectly match the shipping bill or other export documents, it might need to be cancelled and re-generated with correct information.
Transaction Changes: Significant amendments to the export transaction that invalidate the existing e-BRC.
The Cancellation Process on DGFT Portal (General Outline):

The video will likely guide viewers through the following steps:

Login to DGFT Portal: Access the official DGFT website using their IEC (Importer Exporter Code) and digital signature/credentials.

Navigate to e-BRC Section: Locate the "Services" or "e-BRC" section on the dashboard.
Find "View/Cancel e-BRC": Select the option to view and/or cancel existing e-BRCs.
Search for the Specific e-BRC: Use search filters like e-BRC number, date range, or shipping bill number to locate the e-BRC to be cancelled.
Initiate Cancellation: Select the identified e-BRC and choose the "Cancel" option.
Provide Reason for Cancellation: The system usually requires the exporter to state a reason for cancellation.
Confirmation and OTP/Digital Signature: Confirm the cancellation request, often requiring a one-time password (OTP) or digital signature verification for security.
Status Update: The system will process the request, and the e-BRC's status will change to "Cancelled."
Important Considerations for Cancellation:

Time Limit: Generally, self-certified e-BRCs can be cancelled within a specific timeframe (e.g., 30 days) on the DGFT portal. For older e-BRCs or those initially issued by banks, the process might involve contacting the Authorized Dealer (AD) bank.
Impact on Benefits: Cancelling an e-BRC means that the specific export proceeds reflected in it cannot be used to claim any government benefits or refunds. If a corrected e-BRC is needed, it must be generated after cancellation.
Documentation: It's vital to maintain a record of the cancellation for audit purposes.
Communication with Bank: In certain complex scenarios or for bank-issued e-BRCs, communication with the bank is essential.