Export Data Processing and Monitoring System (EDPMS) – Additional modules for caution listing of exporters, reporting of advance remittance for exports and migration of old XOS data

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....2, C.15, C.20, C.24 and C.28 of Master Direction No.16 dated January 1, 2016 on Export of Goods and Services. 2. To simplify the procedure for filing returns on a single platform and for better monitoring, it has been decided to integrate the returns related to (a) handling of shipping bills for caution listed exporters; (b) delayed utilisation of advances received for exports; and (c) exports outstanding with Export Data Processing and Monitoring System (EDPMS) which has been in operation since March 1, 2014. 3. Caution / De-caution Listing of Exporters 3.1 To streamline the procedure, cautioning / de-cautioning of exporters has been automated. The AD category - I banks can access the updated list of caution listed exporters throu....

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....re mentioned below while handling shipping documents in respect of caution listed exporters: a) They will intimate the exporters about their caution listing, giving the details of outstanding shipping bills. When caution listed exporters submit shipping documents for negotiation / purchase / discount / collection, etc., the AD Category - I bank may accept the documents subject to following conditions:- i.  The exporters concerned should produce evidence of having received advance payment or an irrevocable letter of credit in their favour covering the full value of the proposed exports; ii.  In case of usance bills, the relative letter of credit should cover full export value and also permit such drawings. Besi....

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....n be obtained from the EDPMS. AD category - I banks were, however, required to report the old outstanding bills prior to March 01, 2014 in XOS on half yearly basis as at the end of June and December every year. To reduce the reporting burden of AD Category - I banks, it is decided to migrate the XOS data reported by the AD banks for half year ended December 2015 onwards to EDPMS and discontinue separate reporting of XOS for the subsequent periods. AD category - I banks are required to mark off / close the XOS data pertaining to pre March 01, 2014 as and when amount has been realised. 6. The above proposed enhancements in EDPMS were demonstrated to the staff of AD Category -I banks and the necessary background documents were also shared w....