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
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