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


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).

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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.


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The above information is a part of Export Import Online Tutorial

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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.

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