RBI/2017-18/57
A. P. (DIR Series) Circular No. 04
September
15, 2017
To
All Category - I Authorised Dealer Banks
Madam / Sir
Export Data Processing and
Monitoring System (EDPMS)
Issuance of Electronic Bank Realisation Certificate (eBRC)
Attention of Authorised Dealer
Category-I (AD Category-I) banks is invited to the provisions contained in
the Master Direction
No. 16/2015-16 dated January 01, 2016 related to implementation
and operationalisation of Export Data Processing and Monitoring System
(EDPMS) of RBI as also provisions contained in A P (DIR Series) Circular No. 15 dated July 28,
2014 in terms of which reporting of data related to realisation
of export proceeds i.e. ENC and Schedule 3 to 6 files was discontinued with
effect from the first fortnight of September 2014 after implementation of
EDPMS. Attention of AD Category-I banks is also invited to the provisions
contained in A P (DIR
Series) Circular No. 74 dated May 26, 2016 in terms of which
they were advised to carry out appropriate changes in their IT system /
operating procedure immediately, report subsequent export transactions in
EDPMS and also capture the details of advance remittances (including old
outstanding inward remittances) received for exports in EDPMS.
2. AD Category-I banks are
directed to update the EDPMS with data of export proceeds on “as and when
realised basis” and, with effect from October 16, 2017 generate Electronic
Bank Realisation Certificate (eBRC) only from the data available in EDPMS,
to ensure consistency of data in EDPMS and consolidated eBRC.
3. AD Category-I banks may bring
the contents of this circular to the notice of their constituents and
customers concerned.
4. Aforesaid Master Direction No. 16 dated January
01, 2016 is being updated to reflect the changes.
5. The directions contained in
this circular have been issued under Section 10 (4) and Section 11 (1) of
the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are
without prejudice to permissions / approvals, if any, required under any
other law.
Yours
faithfully
J
K Pandey
Chief General Manager
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