EEPC-Engineering Export Promotion Council of IndiaAutomechanika Dubai-Engineering Export Promotion Council of IndiaIESS VI-Engineering Export Promotion Council of India

To

All Members of EEPC India

Dear Member,

Sub : Caution List of Exporters by RBI for Non-closure of Export Realization

As you are aware, the EDPMS system was launched in March 2014. As most of the bank / authorized dealers did not pay attention to the EDPMS work, flow, there has been considerable mismatch in the actual exports and exports realization being shown on the EDPMS. Consequently, the RBI started issuing caution list of exporters for non-closure for export realization, even through full export proceeds have been received

A meeting was called on April 13, 2017 chaired by the Commerce Secretary wherein RBI, IBA, EEPC, FIEO and FICCI were present and address various issues including this problem of caution listing of exporters by the RBI for non-closure of export realization because of non updation by the banks.

The Commerce Secretary has now directed that we intimate our members asking them to provide details of the banks with respective branch that have not updated the information in the EDPMS. It may be mentioned that member-exporters can view the status of remittance against shipping bill at the ICEGATE so that they can monitor the position of their export remittance.

Accordingly, members are requested to provide their details of these shipping bills that have not been updated by their bank in the format given below so that as directed by the Commerce Secretary we can provide the information to the DGFT to take it up with the RBI and concerned banks.

IEC

Shipping Bill No.

Shipping Bill Date

Port Code

Name of the Bank

Branch Name

Buyer's Country

Invoice No.

Invoice Value

Realization Value

Outstanding in US$

Remarks

 

 

 

 

 

 

 

 

 

 

 

 

 

Your reply may please be sent to sgupta@eepcindia.neteepcho@eepcindia.net at the earliest to help redress this problem faced by members.

 

 

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