Mysore, June 4, 2013:
A day-long seminar on ‘e-Bank Realization Certificate (e-BRC)’ organized jointly by Mysore Chamber of Commerce and Industry (MCCI), Federation of Indian Export Organization (FIEO), Visvesvaraya Industrial Trade Centre (VITC) and Vijaya Bank, held here today.
About 50 businessmen involved in foreign trade participated in the seminar.
Elaborating on the e-BRC scheme, Vijaya Bank Asst. General Manager K.S. Surendra Hegde said that e-BRC was initiated by the government in August last as it was an essential for traders involved in export.
He pointed out that after the introduction of e-BRC, accounting and documentation of information was easier to claim benefits from Directorate of Foreign Trade. Awareness campaigns on e-BRC were being held at many places in the State in a phased manner, he added.
MCCI President Sudhakar S. Shetty inaugurated the seminar, said that the revised edition of 2012-2013 of foreign trade policy released last year June has the provision of e-BRC, which implies that BRCs would be transmitted electronically from the respective banks to the DGFT , this provision has been made mandatory from August last year.
FIEO Jt. Deputy Director General R. Ashokan welcomed. VITC Deputy Director M.N. Marulesh spoke on the project. T.R. Madhusudhan and Babu Vittal from Directorate of Foreign Trade and others were present.
