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Export Data Processing and Monitoring System (EDPMS) Additional modules for caution listing of exporters reporting of advance remittance for exports and migration of old XOS data

FEMA - 74 - Dated:- 26-5-2016 - RBI/2015-16/414 A.P. (DIR Series) Circular No.74 May 26, 2016 To All Category - I Authorised Dealer Banks Madam / Sir, Export Data Processing and Monitoring System (EDPMS) - Additional modules for caution listing of exporters, reporting of advance remittance for exports and migration of old XOS data Attention of AD Category - I banks is invited to paragraph number C.2, C.15, C.20, C.24 and C.28 of Master Direction No.16 dated January 1, 2016 on Export of Goods and .....

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oning / de-cautioning of exporters has been automated. The AD category - I banks can access the updated list of caution listed exporters through EDPMS on daily basis. The list of all caution listed exporters would also be made available to AD category - I banks through their registered e-mail. Criteria laid down for cautioning / de-cautioning of exporters in EDPMS are as under: i. The exporters would be caution listed if any shipping bill against them remains open for more than two years in EDPM .....

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Enforcement Directorate(ED) / Central Bureau of Investigation (CBI) / Directorate of Revenue Intelligence (DRI) /any such other law enforcement agency or the case where exporter is not traceable or not making any serious efforts for realisation of export proceeds. In such cases, AD may forward its findings to the concerned regional office of RBI recommending inclusion of the name of the exporter in the caution list. iv. Reserve Bank will caution / de-caution the exporters in such cases based on .....

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:- i. The exporters concerned should produce evidence of having received advance payment or an irrevocable letter of credit in their favour covering the full value of the proposed exports; ii. In case of usance bills, the relative letter of credit should cover full export value and also permit such drawings. Besides, the usance bills should also mature within prescribed realisation period reckoned from date of shipment. iii. Except under the above mentioned conditions given in 3.2 (a) (i) and (i .....

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o report all the inward remittances including advance as well as old outstanding inward remittances received for export of goods / software to EDPMS. Further, AD Category - I banks need to report the electronic FIRC to EDPMS wherever such FIRCs are issued against inward remittances. 4.2 A quarterly return is presently being submitted by AD Category - I banks for delay in utilization of advances received for export in terms of A. P. (DIR Series) circular No. 74 dated February 9, 2015. It has been .....

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