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Amendment of Appendix 22A related to Bank Realization Certificate (BRC)., DGFT PUBLIC NOTICE No.9/(RE 2010)/2009-14, 07-09-2010



Date: 07-09-2010
Notification No: DGFT PUBLIC NOTICE No.9/(RE 2010)/2009-14
Issuing Authority: DGFT  
Type: Public Notice
File No: File. No. 01/94/180/1032/AM 10/PC 4(B)
Subject: Amendment of Appendix 22A related to Bank Realization Certificate (BRC).

GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE

PUBLIC NOTICE No. 9 /(RE: 2010)/2009-2014

NEW DELHI: 7th SEPTEMBER, 2010

Subject: Amendment of Appendix 22A, related to Bank Realisation Certificate (BRC).

In exercise of powers conferred under Para 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby makes the following amendments in the Handbook of Procedures (Vol.1), 2009-14:-

  1.  Appendix 22A related to Bank Realisation Certificate stands replaced as appended to this Public Notice.

This issues in public interest.

Sd/-
(P.K. CHAUDHERY)
Director General of Foreign Trade and
Additional Secretary to the Government of India
[Issued from File. No. 01/94/180/1032/AM 10/PC 4(B)]


Annexure to Public Notice No. __9__Dated __ 07-9-2010.

APPENDIX 22 A

BANK CERTIFICATE OF EXPORT AND REALISATION

To ______________________________________(Name and address of Regional Authority) We _____________________________________ (Name and address of the Exporters) hereby declare that we have forwarded a documentary export Bill to _____________________________ (Name and address of the bank i.e., Branch and City) for collection/negotiation/purchase as per particulars given hereunder.

Invoice      Export promotion copy of Shipping Bill duly authenticated by the Customs    Description of goods as given in the customs authenticated   Shipping Bill and the Commercial Invoice / Packaging List   Bill of Lading /PP Receipt/ Airways Bill     Destination of goods Country name Bill amount CIF/C&F/FOB (In foreign exchange
No.   Date   No.   Date      No.   Date     
[1]   [2]   [3]   [4]   [5]   [6] [7]   [8]   [9]
                          

 

Freight amount as per Bill of lading/Freight memo Insurance amount as per insurance Company's bill/ Receipt Commission/ Discount paid/payable Whether the export is in freely convertible currency* or in Indian Rupees FOB value/FOB value actually realised in free Foreign Exchange/Rupees Date of realisation of export proceeds GRI/PP/SDF form No. No. date & category of applicable Licence/ Authorisation
[10]   [11]   [12]   [13]   [14]   [15]   [16]   [17]
                       

* Note: In case of Export Proceeds Realisation through Freely Convertible Vostro Account, as stated in paragraph 2.40 of FTP, 2009-14, the Authorised Dealer Banks shall endorse the words “Realisation from Freely Convertible Vostro Account”.

We further declare that the aforesaid particulars are correct. (Copies of invoices relevant to these exports and Customs attested EP, Copy of relevant Shipping Bill is attached for verification by the bank).

                                                     Signature of the exporter  : ...........................................

                                                     Name in block letters        : ...........................................

Place:                                                                                   : ...........................................

Date:                                             Designation                      : ...........................................

                                                     Full official address          : ...........................................

Official                                         
Seal/stamp
                                                    Full Residential address     : ...........................................


BANK's CERTIFICATE

Authorised Foreign Exchange Dealer
Code No. allotted to the Bank by RBI ______________________________

Ref.No. ___________________________

Date _____________________________

Place ____________________________

  1. This is to certify that we have verified the relevant Export Invoices, Customs attested E.P. Copy of the Shipping Bill and other relevant documents of M/s.___________________________. We further certify that the particulars given in Co.1 to 17 have been verified and found to be correct. We have also verified the F.O.B. value mentioned in Col.14 above with reference to following documents:-

    (i) Bill of Lading/PP receipt/Airways Bill

    (ii) Insurance policy/Cover/Insurance Receipt.

  2. FOB actually realized and date of realization of export proceeds are to be given in all cases except where consignment has been sent against confirmed irrevocable letter of credit or exports made against the Government of India/EXIM Bank Line of Credit or exports made under Deferred Payment/Suppliers Line of Credit Contract backed by ECGC Cover. An endorsement to that effect needs to be endorsed in BRC.

  3. We have also verified that the date of Export is _________. (Applicable only in respect of Exports by air.)

  4. This is to certify that we have certified the amount of the Commission paid/payable, as declared above, by the exporter i.e. ____________________________________________(in figures and words) with G.R. Forms and found to be correct.

[Signature of the Banker(s)]

Full address of the Banker(s)
Branch and City
Official Stamp

Note:

  1. Bank can issue a consolidated certificate (consignment-wise) for more than one consignment.

  2. FOB actually realised and date of realisation of export proceeds are to be given in all cases except where consignment has been sent against conformed irrevocable letter of credit.

  3. This shall be required wherever specifically prescribed in the Policy/ procedure.

  4. Banks referred in this Appendix shall also include other authorized dealers who have been permitted by RBI to issue BRC. Applicant should be required to furnish a copy of RBI permission circular/letter to this effect.
       

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