RBI/2013-14/306
A.P. (DIR Series) Circular No.60
October 01, 2013
To
All Category - I Authorized Dealer Banks
Madam / Sir,
Export Outstanding Statement (XOS)
Online Bank wide Submission
Attention of Authorized Dealer Category – I (AD Category – I) banks 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 to the Regional Office concerned
of the Reserve Bank, a consolidated statement in Form XOS giving details of all
export bills outstanding beyond six months from the date of export on a half
yearly basis as at the end of June and December every year.
- It has been decided that with effect from the half year ending December 2013,
XOS submission should be made online and Bank-wide instead of the present system
of branch-wise submission through the respective Regional Offices of Reserve
Bank of India. Accordingly, AD Category-I Banks are advised to designate a Nodal
Branch which shall be submitting the XOS data for the AD Bank as a whole.
Further, the software for Bank-wide online submission of XOS data would allow
direct access to the all AD Category – I Banks to the RBI server to enable
uploading of the XOS data directly to RBI server for which the necessary User ID
and Password would be allotted to them in due course.
- For the benefit of AD Category – I banks, demonstration of the above software
changes have also been carried out on July 26, 2013. Further, the “CSV” file
format and Bank User Manual for the related software changes have also been
shared via e-mail.
- AD Category – I banks may accordingly, put in place the requisite
infrastructure and processes at their end. They may test check the proper
uploading of data by sending across to us their sample test data at e-mail up
till October 31, 2013. After checking the same, Reserve Bank shall send the
feedback report to the respective AD Category – I banks.
- 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 any
other law.
Yours faithfully,
(C.D Srinivasan)
Chief General Manager