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Import Data Processing and Monitoring System (IDPMS)

FEMA - 5 - Dated:- 6-10-2016 - RBI/2016-17/78 A.P. (DIR Series) Circular No. 05 October 06, 2016 To All Category - I Authorised Dealer Banks Madam/Sir, Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No.65 dated April 28, 2016 read with Section 5 of the Foreign Exchange Management Act 1999 (42 of 1999), Government of India Notification No. G.S.R. 381(E) dated May 3, 2000 viz., Foreign Exchange Management (Current Account Transaction) Rules .....

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mentioned A.P. (DIR Series) Circular No.65 dated April 28, 2016 and banks were requested to be ready with the required IT changes in their system to generate/submit the data under IDPMS as per specified message format and technical specification. 3. As announced in the fourth Bi-monthly Monetary Policy Statement 2016-17 dated October 4, 2016, all AD Category-I banks are advised that IDPMS will go live with effect from October 10, 2016 and are directed to use IDPMS for reporting and monitoring o .....

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ties and monitor the import transactions. 5. The User Acceptance Test (UAT) of IDPMS was launched on August 19, 2016 and banks were requested to login and familiarise themselves. AD banks were also advised to be ready with data related to all the outstanding import remittances as per the message outward remittances against Import to facilitate uploading of the same in IDPMS. 6. The detailed operational procedures are available at Help Menu on EDPMS Portal under Import process tag. The operationa .....

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ks shall download the Bill of Entry (BoE) issued by EDI ports from BOE Master in IDPMS. For non-EDI ports, AD bank of the importer shall upload the BoE data in IDPMS as per message format Manual BOE reporting on daily basis on receipt of BoE from the customer/Customs office. iv. AD banks will enter BoE details (BoE number, port code and date) for ORM associated with the advance payments for import transactions as per the message format BOE settlement . v. In case of payment after receipt of BoE, .....

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o which extension is granted will be indicated in Extension Date column. viii. AD Category I banks can consider closure of BoE/ORM in IDPMS that involves write off to the extent of 5% of invoice value in cases where the amount declared in BoE varies from the actual remittance due to operational reasons and the AD bank is satisfied with the reason/s submitted by the importer. ix. AD Category I banks may close the BoE for such import transactions where write off of import payable is on account of .....

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