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April 2014

A. P. (DIR Series) Circular No. 109 dated 28th 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 new EDPMS has been operationalised with effect from 28th February, 2014 and the same will be available to banks from 1st March, 2014. Accordingly, banks must use the web link https://edpms.rbi.org.in/edpms for accessing the system. The user credentials for accessing the system have already been given to the banks.

As a result, entire shipping documents have to be reported in the new system. However, the old shipping documents will continue to be reported in the old system till the completion of the cycle. Both, the old and new systems will run parallel to each other for some time and the date of discontinuance of the old system will be communicated to the banks.

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