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Home» Circulars» Rbi Edpms Further Extension Up To 31.08.2017 For Ad Banks To Clear Pendency In Edpms

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RBI EDPMS - Further extension up-to 31.08.2017 for AD banks to clear pendency in EDPMS
 

 

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

 


EPC/LIC/EDPMS/EXTENSION 10th August, 2017 

 

TO ALL MEMBERS OF COUNCIL

 

RBI EDPMS -

 

Further extension up-to 31.08.2017 for AD banks to clear pendency in EDPMS

 

Dear Members,


As you are aware, caution listing  on account of RBI-EDPMS  has been a cause of concern as it impacts export shipments and also resultant business.


Council on its part, has repeatedly taken up the issue with RBI who have kindly  taken cognizance of the problem and granted extensions  in April, May and then till June 30 2017.   However, we have  received feed-back from some members  that such cases persist even beyond 30th June 2017.  The council has once again represented such cases  to Foreign Exchange Dept (FED), RBI   in July 2017 seeking support.

 

“In this regard, we have received communication from Foreign Exchange Dept (FED), RBI that  another extension is being  allowed up-to 31.08.2017, so that AD banks can clear the pendency in EDPMS.  

 

Concerned Exporters who have realized export  payments but are still caution listed are advised  to  approach their AD banks for clearing the outstanding entries in EDPMS.”

 

Members are requested to utilise this additional time  up-to 31st August 2017 and liaise with their AD Banks so that needful is done within the timelines.   The copy of RBI’s reply is also attached for reference of members and their AD Banks (if needed).

 


In case issues still persist, please write to us on Deepak.gupta@chemexcil.gov.in and info@chemexcil.gov.in .

 

 

Thanking You,

 

 

Yours faithfully,

 


S.G. BHARADI
EXECUTIVE DIRECTOR
CHEMEXCIL

RBI extension till 31.8.17

 

 

 

 

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