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 / * Fax : +91 22 22026684

* E-mail : info@chemexcil.gov.in Web : https://chemexcil.in

EPC/LIC/RBI/EDPMS_eBRC

19th  Sept. 2017

ALL MEMBERS OF THE COUNCIL

Dear Members,

As you are aware, the  Reserve Bank of India (RBI) had introduced  additional modules  under Export Data Processing and Monitoring System (EDPMS)  in May 2016  for caution listing of exporters, reporting of advance remittance for exports and migration of old XOS data.  However, several issues have cropped up due to delay in up-dation of data by AD banks on EDPMS server which have been taken up with RBI by the Council.

Now RBI has issued A. P. (DIR Series) Circular No. 04 dated September 15, 2017 wherein AD Category-I banks are directed to update the EDPMS with data of export proceeds on “as and when realised basis” and, with effect from October 16, 2017 generate Electronic Bank Realisation Certificate (eBRC) only from the data available in EDPMS, to ensure consistency of data in EDPMS and consolidated eBRC.

In our view,  this might address the issue of mismatch in cases where eBRC was issued, but  exporter was still caution listed.

Members are requested to take note of this change.    The original circular is available for download on following url:

https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11119&Mode=0

Thanking You,

Yours faithfully,
S.G. BHARADI
EXECUTIVE DIRECTOR