Export/import payments require authorised dealers to verify transaction genuineness and update EDPMS/IDPMS, with small value declaration exceptions. Authorised Dealers must credit or debit exporter/importer accounts only after verifying the genuineness of the transaction and must simultaneously close or update the corresponding entry in EDPMS or IDPMS (including any RBI specified equivalent system). For shipping bills, invoices or bills of entry up to Rs.10 lakh (or equivalent), EDPMS/IDPMS entries may be closed on the basis of a declaration by the exporter or importer, submitted individually or quarterly for bulk closure.