CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th Floor, 7, Cooperage Road, Mumbai - 400 001. India
Tel : +91 22 22021288 Website : www.//chemexcil.in
EPC/LIC/BANKING 08/06/2018
ALL MEMBERS OF THE COUNCIL
Banking Issues faced by exporters
(e-BRC delay etc)
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Dear Members,
As you are aware, caution listing on account of RBI-EDPMS has been a cause of concern as it impacts export shipments, document submission to buyers and also resultant business. In this regard, we understand that the date for implementing the caution list in EDPMS has been extended till 30-Sep-2018.
However, we understand that there are still many cases of delays in uploading of e-BRC by the bank which result in delayed export incentives and other compliance related issues. Further, if in case you are facing any other banking related issues which is impacting exports, do let us know.
Member-exporters are requested to revert with full details of the banking issues faced, latest by 18/06/2018 on our e-mail ids- ed@chemexcil.gov.in & deepak.gupta@chemexcil.gov.in .
Your timely replies will enable us submit a comprehensive representation to the government and also arrange a stakeholders meeting.
Thanking You,
Yours faithfully,
S.G. BHARADI
EXECUTIVE DIRECTOR
CHEMEXCIL
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