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Directorate General Of Foreign Trade

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Presentation on theme: "Directorate General Of Foreign Trade"— Presentation transcript:

1 Directorate General Of Foreign Trade
eBRC 2/15/2019 dgft.gov.in

2 e Bank Realization Certificate
Overview About DGFT and its IT initiatives About eBRC Realisation that eBRC project will benefit all stakeholders Becomes top priority project for the top boss Pilot launched on June 5, 2012. Made mandatory w.e.f Aug 17,2012 15 Months of successful operations 2/15/2019 e Bank Realization Certificate

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3 components Standardization of processes Reduction in physical interfaces Creation of an eBRC repository 2/15/2019 e Bank Realization Certificate

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Coverage All Indian Banks and NBFCs on board 100% coverage of all Forex realized throgh trade All exporters using Bank and DGFT services using eBRC platform States using eBRC data for faster refund of VAT 2/15/2019 e Bank Realization Certificate

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eBRC architecture 2/15/2019 e Bank Realization Certificate

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2/15/2019 e Bank Realization Certificate

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Trade Facilitation(1) Trading Community Benefit of Rs. 1000/- per BRC No follow up with banks No physical interface with Govt Agencies and paperless operation Turnaround time reduced enormously Banks Manpower freed from issuance of eBRC No storage of physical BRC records 2/15/2019 e Bank Realization Certificate

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Trade Facilitation(2) DGFT Application processed on the basis of authentic digitally signed data No re-verification with banks Paperless application processing Other Govt agencies Getting real-time data for monitoring and trade facilitation. 2/15/2019 e Bank Realization Certificate

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Major Change issues Bottlenecks Fear of unknown Challenges Acceptable BPR to all stakeholders Common plateform Constraints Quality manpower Apprehensive Govt. stakeholders 2/15/2019 e Bank Realization Certificate

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Methodology Software development methodology:Agile software development methodology was adopted where a group of software development methodologies i.e waterfall, spiral, RAD based on iterative development, where requirements and solutions evolved via collaboration between cross-functional teams.  Project architecture: The project was implemented in Service Oriented Architecture (SOA) with provision for XML based interface Database: DB2 9.7 Front end: Java 2/15/2019 e Bank Realization Certificate

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Standards Used Following standardized UN codes were used in the system: UN LO-CODES for Country UN LO-CODES for Ports UN CODES for UNIT of MEASUREMENT for International Trade INDIAN FINANCIAL SERVICES CODES ( IFSC) CODE FOR BANKS STANDARD Importer Exporter Code for Trading Community 2/15/2019 e Bank Realization Certificate

12 Rs. 2000+ Crore (US $ 400mln)savings per annum!
Consideration (Only Tangible items) Saving Value in Rs. (Eq. US$) bank branches issuing eBRC Saving of 5000 man 10,00,000/- 500 Crores (US $100mln) Reduction in fee for eBRC average of Rs.1000/ - per BRC for 5 mln BRCs 500 Crores(US $100mln) Trading community manpower freed by conservative estimates 100,100 at a low salary of Rs.100,000/- per annum. Note: there are 700,000 registered exporters in India and average minimum CTC is Es. 500,000 per person 1000 Crores(US $200mln) Total 2000+ Crores (US$ 400+) including saving by Govt agencies etc. 2/15/2019 e Bank Realization Certificate

13 Estimated annual savings for all stakeholders-Rs. 2000+ crores
Measurable gains to all Stakeholders Tasks associated with each eBRC: Before and After C Tasks Before After Exporters No of visits to Banks 4-5 Bank Charges-Rs 1000 250 Data Feeding requirement for filing DGFT application Yes No Time taken by a bank for issuing a BRC Days 2 hour-1 day Banks Processing 5 step, Manual automated Interface with exporter Large Zero Did banks certify Information not available in Core banking software DGFT Data entered verified by DGFT Calculation of Exporter’s benefit Manual Automatic Verification of sample BRC from the banks Estimated annual savings for all stakeholders-Rs crores 2/15/2019 e Bank Realization Certificate

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Sustainability Stakeholders Gains Low cost operations Standardized product 2/15/2019 e Bank Realization Certificate Copyright © 2007, SAS Institute Inc. All rights reserved.

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eBRC+ Better security provisions for data access Scope for Improvement Can be replicated with just change in parameters for any country with similar requirements Scope for Replication 2/15/2019 e Bank Realization Certificate

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Learnings Organization's head must lead from the front BPR before automation+ Domain Knowledge Being responsive to stakeholders’ sensitivities Communication with stakeholders 2/15/2019 e Bank Realization Certificate

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Testimonials Sandeep Kulshrestha, Assistant Vice President, Citibank N.A. Faster turnaround towards of BRC issuance, since there is no requirement to print, sign and dispatch to clients like physical BRCs Reduction in errors associated with BRCs since minimal information required (Compared to paper BRC) for eBRC upload Reduced issuance of customized BRCs as the eBRC fields are standardized OP Hisaria, Sr VP, Reliance Industries Limited Introduction of e-brc has not only removed the drudgery out of the process but also reduced transaction cost and time. The process has also brought uniformity in understanding of Policy by Banks. This is one measure in recent time which demonstrated effective use of technology to reduce transaction cost on exports. Ajay Sahai, DG, CEO, Federation of Indian Exporters Organizations( FIEO) eBRC is a novel initiative of gigantic order. ..both Centre and States have benefitted transaction cost of exporters .. has curtailed significantly. Adding to liquidity Bank Industry Exporter Body 2/15/2019 e Bank Realization Certificate

18 Looking forward to seeing you again anilksinha@nic.in sajay@nic.in
2/15/2019 e Bank Realization Certificate


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