Uploading of e-BRC by July 15, 2022 by the Exporters for shipping bills under RoSCTL scrip

The DGFT vide Trade Notice 12/2022-23 dated May 30, 2022 has issued guidelines w.r.t. uploading of Electronic Bank Realization Certificate (“e-BRC”) on the DGFT server by July 15, 2022 by the Exporters, for shipping bills on which Rebate of State & Central Taxes and Levies (“RoSCTL”) scrip has been availed upto December 31, 2021.

Attention of the trade and industry members is brought to Para 4.96 (d) of Public Notice 58 dated January 29, 2020, wherein it has been stipulated that under RoSCTL, the rebate allowed is subject to the receipt of export proceeds within time allowed under the Foreign Exchange Management Act, 1999 failing which such rebate shall be deemed never to have been allowed. Action under the FT (D&R) Act, 1992 may be taken by the Regional Authorities for repayment of erroneous or excess paid RoSCTL. Earlier a Trade Notice No 13 dated August 04, 2021 had been issued urging all exporters to comply with the extant guidelines on realisation of export proceeds and get the process of uploading of e-BRCs at the DGFT server completed by the AD Banks.

As per RBI guidelines, it is expected that all shipping bills upto December 31, 2020 would have their export proceeds realized by now. Accordingly, all exporting firms, who have been issued scrips under RoSCTL for exports / shipping bills upto December 31, 2020, are requested to get the relevant e-BRCs uploaded in the DGFT server by their AD banks latest by July 15, 2022, failing which action as per para 4.96 of HBP, as notified vide PN 58 dated January 29, 2020 would be initiated by the jurisdictional RAS.

Source: DGFT Trade Notice