Electronic Bank Realisation Certificate issuance must be generated solely from EDPMS data to ensure consistent export realisation reporting. Authorised Dealer Category I banks must update the Export Data Processing and Monitoring System (EDPMS) with export proceeds as realised and, from the mandated operative date, generate Electronic Bank Realisation Certificates (eBRC) solely from EDPMS data to ensure consistency; banks must also adapt IT systems and capture advance and outstanding inward remittances in EDPMS, notify constituents, and note the amendment to the Master Direction, all pursuant to powers under the Foreign Exchange Management Act.
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Electronic Bank Realisation Certificate issuance must be generated solely from EDPMS data to ensure consistent export realisation reporting.
Authorised Dealer Category I banks must update the Export Data Processing and Monitoring System (EDPMS) with export proceeds as realised and, from the mandated operative date, generate Electronic Bank Realisation Certificates (eBRC) solely from EDPMS data to ensure consistency; banks must also adapt IT systems and capture advance and outstanding inward remittances in EDPMS, notify constituents, and note the amendment to the Master Direction, all pursuant to powers under the Foreign Exchange Management Act.
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