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Corporate Laws Central Ministry of Finance Foreign Exchange Management Act, 1999

RBI issues Export Data Processing and Monitoring System (EDPMS) & Import Data Processing and Monitoring System (IDPMS) - Reconciliation of Export /Import Entries - Review of Guidelines

01-Oct-2025 | RBI/2025-2026/89 A.P. (DIR Series) Circular No.12

RBI has issued Export Data Processing and Monitoring System (EDPMS) & Import Data Processing and Monitoring System (IDPMS) - reconciliation of export /import entries - Review of Guidelines with effect from 01st October 2025. Key Highlights of the Guidelines are as follows: 1. Authorised Dealer Category-I banks (AD banks) are reminded about existing rules in the Master Directions on Export of Goods & Services and Import of Goods & Services related to EDPMS (export data) and IDPMS (import data). To make it easier for small exporters and importers and to ensure timely closure of entries, these new directions have been introduced. 2. For entries/bills of value Rs. 10 lakh or less: a. Export entries can be closed based on a declaration from the exporter that payment has been received. b. Import entries can be closed based on a declaration from the importer that payment has been made. 3. Any reduction in invoice/shipping bill value can also be accepted on the basis of the declaration given by exporters or importers. 4. Exporters and importers may also submit such declarations on a quarterly basis, covering multiple bills together, for bulk closure of entries. 5. AD banks must review the charges levied for handling small-value export/import transactions and ensure they are reasonable as per the revised procedure. They must not impose penal charges (penalties) for delays in following regulatory guidelines under this relaxation.

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