Home» Circulars» Rbi Edpms Exemption From Provisions Of Caution Listing Extended Till 31 03 2019

 

 

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.  Lastly it was exempted till 31/12/2018, but council had subsequently received inquiries from the members for further extension.  In this regard,  council had written to the Foreign Exchange Department, Reserve Bank of India and have been advised  by RBI that the   Exemption from provisions of Caution listing has been extended till 31/03/2019  (email  enclosed). The council has also been advised to impress upon  members to ensure that all their shipping bills beyond due date of realization are closed at the earliest possible.   Members are therefore requested to utilise this additional time  up-to 31/03/2019 to clear such cases, if any.  Persistent issues, if any, however can be highlighted to the council on e-mail id’s:  ed@chemexcil.gov.in  and deepak.gupta@chemexcil.gov.in . Thanking You, Yours faithfully,   S.G. BHARADI EXECUTIVE DIRECTOR CHEMEXCIL   http://chemexcil.in/uploads/files/Caution_listing_extension_(14.01_.2019)_.pdf