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Evidence of Import under Import Data Processing and Monitoring System (IDPMS)

FEMA - 27 - Dated:- 12-1-2017 - RBI/2016-17/212 A.P. (DIR Series) Circular No. 27 January 12, 2017 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. 05 dated October 06, 2016 read with Section 5 and Section 10 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 Acco .....

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. 2. Bill of Entry (BoE) data is received in IDPMS from Customs Department for EDI ports and from NSDL for SEZ on daily basis. BoE data for non-EDI ports are entered by AD Category - I bank of the importer on receipt of BoE (importer s copy) and then the bank uploads the data in IDPMS through Manual BOE reporting process. In order to enhance ease of doing business and reduce transaction costs, it has been decided to discontinue submission of hardcopy of Evidence of Import documents i.e. BoE, wit .....

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lso multiple BoE(s) can be settled against one ORM. ii. In respect of imports on Delivery against Acceptance basis, on request of importer, AD Category - I bank shall verify the evidence of import from IDPMS at the time of effecting remittance of import bill. iii. On settlement of ORM with evidence of import AD Category - I bank shall in all cases issue an acknowledgement slip to the importer containing the following particulars: importer's full name and address with code number ; number and .....

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