No. CLE-HO/POL/CIRCULAR/15-16
June 28, 2016

SUB: Export Data Processing and Monitoring System (EDPMS) – Additional modules for caution listing of exporters, reporting of advance remittance for exports and migration of old XOS data

Members of the Council
Dear Member

Reserve Bank of India, Mumbai has issued a Circular No.74, dated: 26, May 2016 on the subject stating that so as to simplify the procedure for filing returns (on export shipments) on a single platform and for better monitoring through integrating the returns relating to a) handling of shipping bills for caution listed exporters b) delayed utilization of advances received for exports and c) exports outstanding with Export Data Processing and Monitoring System (EDPMS) which has been in operation since March 1, 2014. As regards Caution/ De-caution listing of exporters, the following will be the criteria

i) The exporters would be caution listed if any shipping bill against them remains open for more than two years in EDPMS provided no extension is granted by AD Category – I bank / RBI. Date of shipment will be considered for reckoning the realization period.

ii) Once related bills are realized and closed or extension for realization is granted, the exporter will automatically be de-caution listed.

iii) The exporters can also be caution listed even before the expiry of two years period based on the recommendation of AD banks. The recommendation may be based on cases where exporter has come to adverse notice of the Enforcement Directorate(ED) / Central Bureau of Investigation (CBI) / Directorate of Revenue Intelligence (DRI) / any such other law enforcement agency or the case where exporter is not traceable or not making any serious efforts for realization of export proceeds. In such cases, AD may forward its findings to the concerned regional office of RBI recommending inclusion of the name of the exporter in the caution list.

iv) Reserve Bank will caution / de-caution the exporters in such cases based on the recommendation of AD Category – I banks.

Members may kindly note the above please.

Thanks & Regards
R.Ramesh Kumar I.A.S
Executive Director
Council for Leather Exports

Circular