Import Data Processing and Monitoring System (IDPMS).
October 21, 2016
Members of the Council,
Sub: Import Data Processing and Monitoring System (IDPMS).
We wish to invite your kind attention to our earlier circular dated June 28, 2016 regarding RBI Circular No. 65 dated April 28, 2016 on IIDPMS. This RBI Circular stated that to track the import transactions through banking system, Customs will modify the Bill of Entry format to display the AD Code of bank concerned, as reported by the importers. Primary data on import transactions from Customs and SEZ will first flow to the RBI secured server and thereupon depending on the AD code shall be shared with the respective banks for taking the transactions forward. The AD bank shall enter every subsequent activity, viz. document submission, outward remittance data, etc. in IDPMS so as to update the RBI database on real time basis. It is therefore, necessary that AD banks upload and download data on daily basis.
The Reserve Bank of India has now issued a circular No.05 dated Oct. 6, 2016 stating the following.
· In order to enhance ease of doing business and facilitate efficient data processing for payment of import transactions and effective monitoring thereof, Import Data Processing and Monitoring System has been developed in consultation with the customs authorities and other stakeholders. The details of IDPMS were advised to the AD Category-I banks vide A.P. (DIR Series) Circular No.65 dated April 28, 2016 and banks were requested to be ready with the required IT changes in their system to generate/submit the data under IDPMS as per specified message format and technical specification.
· Banks are advised that IDPMS will go live with effect from October 10, 2016.
· Customs department has modified the Bill of Entry (BoE) format to display the AD Code of bank with effect from April 1, 2016 and SEZ from June 1, 2016 respectively. Primary import transaction data (from Customs/SEZ) with effect from the above mentioned dates will be made available to respective AD Banks in the IDPMS database for further processing. Starting October 10, 2016 all transactions will flow to IDPMS on daily basis for AD banks, to log all subsequent activities and monitor the import transactions.
· Multiple Outward Remittance Message (ORMs) can be settled against single BoE and also multiple BoE can be settled against one ORM.
Duty operational guidelines are given in the aforesaid RBI circular No.5 which may be noted.
Thanks & regards,
SUB: Import Data Processing and Monitoring System (IDPMS)
Members of the Council
Reserve Bank of India, Mumbai has issued a Circular No.65, dated: 28, April 2016 on the subject stating the following
- To track the import transactions through banking system, Customs will modify the Bill of Entry format to display the AD Code of the bank concerned, as reported by the importers
- The date of operationalization of IDPMS will be notified shortly. Once notified, all import remittances outstanding as on the notified date shall have to be uploaded in IDPMS.
The objective of the Circular is to monitor the payments for the imports.
Thanks & Regards
R.Ramesh Kumar I.A.S