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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/EXTENSION |
10th August, 2017 |
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TO ALL MEMBERS OF COUNCIL
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RBI EDPMS -
Further extension up-to 31.08.2017 for AD banks to clear pendency in EDPMS
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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 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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