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March 2014

A. P. (DIR Series) Circular No. 101 dated 4th February, 2014

By Gaurang Gandhi Chartered Accountant
Reading Time 1 mins
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Export of Goods and Services: Export Data Processing and Monitoring System (EDPMS)

This circular states that RB has developed a new comprehensive IT-based system called EDPMS which will facilitate the banks to report various returns like XOS (export outstanding statements), ENC (Export Bills Negotiated/sent for collection) for acknowledgement of receipt of Export documents, Sch. 3 to 6 (realisation of export proceeds), EBW (write-off of export bills), ETX (extension of realisation of export bills) relating to Export transaction through a single platform.

The date of inception of the system along with user credentials and web link for accessing the system will be communicated to the banks through email. However, banks are required to submit a fill-in form (as per format annexed to the circular) through email on or before 10th February, 2014 to obtain user name and password.

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