Evidence of import via IDPMS replaces hardcopy BoE; AD Category-I banks must match and settle BoEs with remittances. AD Category-I banks must rely on BoE data in the Import Data Processing and Monitoring System and discontinue hardcopy BoE submission where data exists. Banks shall enter or download BoE details, use the BOE Settlement message to match and settle BoEs with Outward Remittance Messages (permitting multiple ORMs per BoE and vice versa), issue an acknowledgement slip to importers on settlement, require importers to preserve the importer copy and acknowledgement, follow up on unsettled ORMs, and preserve audited BOE Settlement data under the Cyber Security Framework unless investigating agencies direct otherwise.
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Provisions expressly mentioned in the judgment/order text.
Evidence of import via IDPMS replaces hardcopy BoE; AD Category-I banks must match and settle BoEs with remittances.
AD Category-I banks must rely on BoE data in the Import Data Processing and Monitoring System and discontinue hardcopy BoE submission where data exists. Banks shall enter or download BoE details, use the BOE Settlement message to match and settle BoEs with Outward Remittance Messages (permitting multiple ORMs per BoE and vice versa), issue an acknowledgement slip to importers on settlement, require importers to preserve the importer copy and acknowledgement, follow up on unsettled ORMs, and preserve audited BOE Settlement data under the Cyber Security Framework unless investigating agencies direct otherwise.
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