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CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle 4th Fl., 7 Cooperage Road, Mumbai - 400 001.India.
Tel : +91 22 22021288 / * Fax : +91 22 22026684
* E-mail : info@chemexcil.gov.in Web : https://chemexcil.in
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EPC/LIC/EDPMS
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16th March, 2017 |
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TO ALL MEMBERS OF COUNCIL
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Export Data Processing and Monitoring System (EDPMS) –
Regarding additional modules for caution listing of exporters, reporting of advance remittance for exports and migration of old XOS data
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Dear Members,
As you might be aware, the Reserve Bank of India (RBI) had introduced additional modules under Export Data Processing and Monitoring System (EDPMS) vide Notification no BI/2015-16/41, D.P. (DIR Series) Circular No.74 dated May 26, 2016 for caution listing of exporters, reporting of advance remittance for exports and migration of old XOS data.
To simplify the procedure for filing returns on a single platform and for better monitoring, it was decided to integrate the returns related to
(a) handling of shipping bills for caution listed exporters;
(b) delayed utilisation of advances received for exports; and
(c) exports outstanding with Export Data Processing and Monitoring System (EDPMS) which has been in operation since March 1, 2014.
As per provisions, exporters could be “caution listed” if any shipping bill against them remains open for more than two years in EDPMS, provided no extension is granted by the bank/RBI. “The exporters can also be caution listed even before the expiry of two years period based on the recommendation of AD banks.
The Council has received representations from the member-exporters citing issues faced due to caution listing where payments where received or bank has not uploaded the details on EDPMS server of RBI. As a result, their names figure in the caution list and the shipments/ export transactions are getting impacted.
In this regard, you are kindly requested to revert with issues faced along-with scans of documents/ communication received from your bank. Your responses will enable the council examine the issue and represent to authorities, if needed. Your replies be mailed on Deepak.gupta@chemexcil.gov.in and info@chemexcil.gov.in .
Thanking You,
Yours faithfully,
S.G. BHARADI
EXECUTIVE DIRECTOR
CHEMEXCIL
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