Reporting

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....nbsp;EDF from an exporter. • (c) shall enter details of import (of its customers) as received from non-EDI port in IDPMS within five working days of receipt of documents. • (d) shall enter details of import of service, in IDPMS, as declared and submitted by the importer, within five working days of receipt of documents. • (e) shall enter details of inward and outward remittances for all exports, imports and Merchanting Trade Transactions (MTT) in EDPMS and/ or IDPMS. 2. Monitoring Responsibilities • (f) Monitor all transaction in EDPMS and IDPMS for closure of outstanding entries and Follow up with exporters, importers, and person undertaking MTT participa....

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....p;submitted to the authorised dealer mentioned in the relevant export declaration form, within 21 days • from the date of export, or • from the date of certification of the SOFTEX form.  • Provided that, subject to the directions issued by the Reserve Bank from time to time, the authorized dealer may accept the documents pertaining to export submitted after the expiry of the specified period of 21 days, for reasons beyond the control of the exporter. Transfer of documents - Regulation 11 of Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 read with section 7 of FEMA, Act. • Without prejudic....

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....ster direction, AD banks shall adopt the following procedure while closing entries (including outstanding entries) in EDPMS of value equivalent to Rs.10 lakh per entry/bill or less: • a. Such entries shall be reconciled and closed based on a declaration provided by the concerned exporter that the amount has been realised. • b. Any reduction in declared value or invoice value of the shipping bills shall also be accepted, based on the declaration by the concerned exporter. • c. The declarations referred above may also be received on a quarterly basis from the exporters in a consolidated manner (by combining several bills in one declaration) for bulk reconciliation and closing of EDPMS entries. A....