Sunday, April 29, 2018

EDPMS: Export Data Processing and Monitoring System RBI has directed AD Category-I Banks to update the EDPMS with data of export proceeds on “as and when realised basis” and, with effect from October 16, 2017 generate Electronic Bank Realisation Certificate (eBRC) only from the data available in EDPMS, to ensure consistency of data in EDPMS and consolidated eBRC. Nice initiatives taken by RBI to monitor export related information on real time basis. Here we need to understand the EDPMS data. There are 2 legs mainly: 1)- Shipping bill is being generated by customs. 2)- That shipping bill is being transferred to RBI EDPMS data. If there is any issue in data related with shipping bill, Exporter need to contact the custom for taking corrective action.For example, that shipping bill status is LEO Cancelled or the same was sample bill and exporter did not submit GR waiver. There may be other cases also. In 2nd case, banks handling the documents need to clear the GR with received payments/ as per RBI guidleines WOFF, extension etc whatever is possible. As observed by me, at present, bills are appearing due to below mentioned reasons: > BRCs has been generated while it is showing pending.: In this, first check the AD code bills appearing in Shipping Bills, and if AD code of other Bank is appearing, transfer the same in your AD and clear the entry with the help of data center or whatever the process is there. Particular in this case, Banks are more responsible to clear the entries as payment has already been received.\ > LEO Cancelled/SAMPLE BILLS (Where GR waiver was not taken): In such case, one of the solution is to make necessary correction at customs and clear the same entry. > In case of non receipt of payment/any other technical reason: Follow the master circular of Export of goods and services dated 01.01.2016 updated on 12.05.2016 for taking corrective action. Basically where payment has been received, Banks who handled the documents has to be more proactive to clear the bills. Above are illustrative and based on while working on EDPMS.

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