TaxTMI 
TaxTMI 
TaxTMI 
Directions related to Closure of Shipping Bills in the Export Data Processing and Monitoring System (EDPMS) – Draft for Feedback
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....irections related to Closure of Shipping Bills in the Export Data Processing and Monitoring System (EDPMS) – Draft for Feedback <br>FEMA & RBI<br>Dated:- 14-7-2025<br><BR>Reserve Bank of India introduced the EDPMS to monitor the realisation of funds against exports in February, 2014. In due course, the flow of shipping bills from the Customs Authority has been automated through ICEGATE and from ....
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....January, 2022, data from ECCS (Express Cargo Clearance System) also started flowing into EDPMS. Further, postal exports bill data also started flowing into EDPMS from January, 2025. 2. Over the years, there has been significant increase in the number of export transactions that flow into the EDPMS, wherein each shipping bill is reconciled against payment received. With the objective of easing com....
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....pliance, especially for exporters of small value goods, it has been decided to simplify the process of reconciliation in EDPMS. Accordingly, draft Directions have been prepared to address the issues related to regulatory compliance involving reconciliation of small-value exports in the EDPMS. 3. Comments/ feedback on the draft Directions may be submitted through the link under the ....
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....'Connect 2 Regulate' Section available on the Reserve Bank's website or may alternatively be forwarded via email by July 31, 2025, with the subject line "Feedback on draft directions on closure of shipping bills in EDPMS". (Puneet Pancholy) Chief General Manager Export Data Processing and Monitoring System (EDPMS) - Closure of Shipping Bills - Review of ....
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....Guidelines Draft RBI/2025-26/XX A.P. (DIR Series) Circular No. XX XX XX, 2025 To, All Authorised Dealer Category-I Banks Madam / Sir, Export Data Processing and Monitoring System (EDPMS) - Closure of Shipping Bills - Review of Guidelines Attention of Authorised Dealer Category - I banks (AD banks) is invited to instructions related to processing of shipping bills in EDPMS of the Master Di....
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....rection - Export of Goods & Services. 2. Keeping in view the large number and frequency of small-value exports, and as a measure to reduce compliance burden on the small-value exporters, the following directions are being issued. 3. AD banks may adopt the following procedure while handling shipping bills of value up to INR 10,00,000 or its equivalent, per shipping bill: a) Such bills may be re....
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....conciled and closed in the EDPMS based on a declaration provided by the concerned exporter indicating the details of the shipping bill and that the amount has been realised against the same. b) Any reduction in declared export value of the bills submitted may also be accepted based on the declaration by the concerned exporter. c) The declarations referred to in sub-paragraphs a & b above may b....
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....e obtained from the exporter on a quarterly-basis. 4. AD banks may review the charges levied for handling these small-value export transactions keeping in view the revised procedure/relaxations mentioned above and ensure the same are commensurate with the services rendered. AD banks shall not levy any penal charges (penalty) for delays in adherence to any regulatory prescription. 5. The above in....
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....structions shall come into force with immediate effect. AD Category-I banks may bring the contents of this circular to the notice of their constituents concerned. 6. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under a....
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....ny other law. Yours faithfully, ( ) Chief General Manager<BR> News - Press release - PIB....