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E-BRC (Bank Realization Certificate) for Payments received through PayPal

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Contributor

E-BRC (Bank Realization Certificate) for Payments received through PayPal

Dear Sir,

 

We are an Indian Service Exporters and receiving payments through PayPal. The Indian Regulations makes it compulsory to obtain E-BRC for Exports. 

 

PayPal has tie up with CITI Bank and CITI bank Provides FIRC Advice. However, CITI Bank is not providing E-BRC for this receipts. My Banks (HDFC and Bank of India) have also refused to issue E-BRC as they have received amount in INR from CITI Bank.

 

Please guide in this matter; how to obtain E-BRC; whether CITI Bank should provide it or my Bank.

 

Most of the exporters using PayPal must be facing this issue.

2 REPLIES 2
Contributor

Re: E-BRC (Bank Realization Certificate) for Payments received through PayPal

Hello Sameer ji, do you get any solution about the realisation of ebrc? As we are also facing the same problem, if possible please share the solution, or if possible share your number as my numbe[Removed. Phone #s not permitted] do contact as per your convenience, hope to get your response, thanks in advance.
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New Community Member

Re: E-BRC (Bank Realization Certificate) for Payments received through PayPal

I just contacted with them.. they do issue eBRC..I believe we should write to RBI how they are getting inward remittance and checking genuineness of transaction.