RBI/2013-14/481
A.P. (DIR Series) Circular No.101
February 4, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Export of Goods and Services:
Export Data Processing and Monitoring System (EDPMS)
Attention of Authorised Dealers is invited to
A. P. (DIR Series) Circular No. 12
dated September 9, 2000 in terms of which AD Category – I banks are required to
furnish the various returns/statements relating to export of Goods/Services as
given under Part C- Authorised Dealer obligation in the annexure of the said
circular. The mode/manner of submission of return has been amended from time to
time.
- As of now, AD banks are submitting the various returns like XOS (export
outstanding statements), ENC (Export Bills Negotiated / sent for collection) for
acknowledgement of receipt of Export documents, Sch.3 to 6 (realization of
export proceeds), EBW (write-off of export bills), ETX (extension of realization
of export bills) relating to Export transaction under FEMA to RBI. These various
returns are being managed on a different solo application or manually.
- With a view to simplify the procedure for filling various returns and for
better monitoring, a comprehensive IT- based system called EDPMS has been
developed which will facilitate the banks to report all the above mentioned
returns through a single platform. In the new system, the primary data on
exports transactions including offsite software exports from all the sources
viz. Customs/SEZ/STPI will flow to RBI secured server and then the same will be
shared with the respective banks for follow up with the exporters. Subsequently,
the document submission and realization data will be reported back by the AD
banks to RBI through the same secured RBI server so as to update the RBI
database on real time basis to facilitate quicker follow up/ data generation.
The AD banks are required to download and upload the data on daily basis.
- The system will also facilitate the Authorised Dealer to raise the Authorised
Dealer (AD) transfer request in case of Export document submitted to the
Authorised Dealers other than declared in the export document which will
discontinue the paper based NOC issued by the AD banks. AD banks have to
approve/disapprove the AD transfer request within 7 days from date of request.
- The date of inception of the system along with user credentials and web link
for accessing the system would be communicated to the AD banks shortly through
e-mail. For user name and password, AD banks are advised to submit a fill-in
form (format annexed) through E-mail on or before February 10, 2014.
Clarification required, if any, may also be sent to the aforesaid email-id of
Reserve Bank of India.
- A cut-off date for shipping documents to be reported in the new system will
be notified shortly which will be the commencement date of the new system. The
entire shipping document should be reported in the new system after cut-off date
and old shipping documents would continue to be reported in the old system till
completion of the cycle. Both the old and new systems will run parallel to each
other for some time before the old system is discontinued.
- Authorised Dealers may bring the contents of this circular to the notice of
their constituents concerned.
- The directions contained in this circular have been issued under Section
10(4) and Section 11(1) of the FEMA, 1999 (42 of 1999) and are without prejudice
to permissions / approvals, if any, required under any other law.
Yours faithfully,
(C.D Srinivasan)
Chief General Manager