The Full Form of EDRC is‍ Electronic Bank Realization Certificate.

Electronic Bank Realization Certificate (BRC) or eBRC is issued by banks to the exporter for the purpose of claiming benefits under the various schemes of the Foreign Trade Policy. eBRC is initiative to promote paperless trade and the DGFT has created an electronic platform for Bank Realization Certificate. Using the eBRC platform, banks can electronically transmit foreign exchange realization from banks to the DGFT server. This process is secured by the use of a digital certificate. In this article, we look at the Electronic Bank Realization Certificate (BRC) or eBRC in detail.

The bank is responsible to perform the following functions:

• Generate e-BRC.
• Generate XML file.
• Upload the file on DGFT Server.
• Transmit foreign exchange realized value without converting it into INR to the DGFT server.
• Upload the INR of the realized foreign exchange value. The conversion should be performed in accordance with the notified RBI rates.
• If the rate of exchange is not available from RBI, banks may pursue the conversion of currency as per its standard practice.