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

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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.