Friday, September 15, 2017

Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)



In January 2016 RBI had issued guidelines on the implementation and operationalisation of  Export Data Processing and Monitoring System (EDPMS)
In May 2016 RBI advised AD Category-I banks to carry out changes in their IT system / operating procedure, report subsequent export transactions in EDPMS and also capture the details of advance remittances received for exports in EDPMS.
RBI has now directed Banks to update the EDPMS with data of export proceeds on “as and when realised basis”
With effect from 16/10/17, Electronic Bank Realisation Certificate (eBRC) should be  generated only from the data available in EDPMS.
Based on RBI guidelines dated 15/09/2017. Far any further clarification in the matter, please visit www.rbi.org.in