| Date: |
15-09-2017
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| Notification No: |
A. P. (DIR Series) Circular No. 04
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| Issuing Authority: |
RBI
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| Type: |
A.P.D.(Series) Circulars
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| File No: |
RBI/2017-18/57 A. P. (DIR Series) Circular No. 04 |
| Subject: |
Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)
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RBI/2017-18/57
A. P. (DIR Series) Circular No. 04
September 15th, 2017
To
All Category - I Authorised Dealer Banks
Madam / Sir
Export Data Processing and Monitoring System (EDPMS)
Issuance of
Electronic Bank Realisation Certificate (eBRC)
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to
the provisions contained in the Master Direction No. 16/2015-16 dated January
01st, 2016 related to implementation and operationalisation of Export Data
Processing and Monitoring System (EDPMS) of RBI as also provisions contained in
A P (DIR Series) Circular No. 15 dated July 28th, 2014 in terms of which reporting
of data related to realisation of export proceeds i.e. ENC and Schedule 3 to 6
files was discontinued with effect from the first fortnight of September 2014
after implementation of EDPMS. Attention of AD Category-I banks is also invited
to the provisions contained in
A P (DIR Series) Circular No. 74 dated May 26th,
2016 in terms of which they were advised to carry out appropriate changes in
their IT system / operating procedure immediately, report subsequent export
transactions in EDPMS and also capture the details of advance remittances
(including old outstanding inward remittances) received for exports in EDPMS.
2. AD Category-I banks are directed to update the EDPMS with data of export
proceeds on “as and when realised basis” and, with effect from October 16th, 2017
generate Electronic Bank Realisation Certificate (eBRC) only from the data
available in EDPMS, to ensure consistency of data in EDPMS and consolidated
eBRC.
3. AD Category-I banks may bring the contents of this circular to
the notice of their constituents and customers concerned.
4. Aforesaid
Master Direction No. 16 dated January 01st, 2016 is being updated to reflect the
changes.
5. The directions contained in this circular have been issued
under Section 10 (4) and Section 11 (1) of the Foreign Exchange Management Act
(FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals,
if any, required under any other law.
Yours faithfully
J K Pandey
Chief General Manager
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