Exchange rate in e BRC as per Foreign Trade Policy of India

 

 

 


The information provided here is part of Online Export Import course 


Exchange rate in e BRC (Conversion of Currencies in e-BRCs)

 

How is foreign currency converted in Electronic Bank Realization Certificate eBRC?

The foreign currency is converted in to Indian Rupees in two ways:

1. Conversion of foreign currency, if exchange rates are notified by CBEC (Central Board of Excise and Customs)

According to Foreign trade policy of India, if currencies, where Exchange rates are notified by CBEC, the foreign exchange realized (as mentioned by bank in the e BRC) is converted to Indian Rupee (INR) using the monthly exchange rates published by CBEC as on Let Export Order (LEO).

import export tutorial online

2. Conversion of foreign currency, if exchange rats are not notified by CBEC (Central Board of Excise and Customs)

If Currencies exchange Exchange rates are not notified by CBEC, total realized value in INR (as mentioned by bank in the e BRC), will be converted into US$ by using the US$ /INR exchange rate prevailing on the date of realization as published by CBEC.

The above information describes about conversion of foreign currency in to Indian Rupees under electronic Bank Realization Certificate eBRC.

 

Share your thoughts about this post, Exchange rate in e BRC (Conversion of Currencies in e-BRCs).

 

The above information is a part of Export Import Online Tutorial


Posts about Export Import Online Training;

Types of export containers
Measurement of export containers
Exim Policy of India 2015-20
MEIS, Merchandise Exports from India Scheme
SEIS, Service Exports from India Scheme
Merge your Commercial Invoice and Packing List for all your future exports
Export procedures and documentation
How to export your product?
How to import your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
12 Major risks and solutions in Imports and Exports
Bank Pre shipment Finance to exporters
How to prepare an Export Invoice. Contents of Export commercial Invoice:
How to solve exchange rate variation in export business:
How to surrender ‘HBL’ House Bill of Lading
Is THC same in all ports
KINDS OF LOSSES in Marine Insurance
SEZ benefits
Is sales tax applicable on shipments effected under high sea sales
Is Seaway bill a document of title? What is Seaway bill.
Payment terms


Comments


vivek joshi : Our Company exported 500 kg dry roots to a Switzerland based company and received Rs 573,158.25 as this trade we have AWB, Exchange Rate Bill, Costume export Bill, P.O, Invoice Bill, Packaging List and CITES document.We did this our export for the fist time and did it without informing the bank,now we are having trouble in getting BRC. The trade money was transferred in the month of March 2015 and we applied for BRC in July please help us to understand legal action in this case.

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers