RBI vide RBI/2013-14/507 A.P. (DIR Series) Circular No. 109 dated February 28, 2014 has announced that a comprehensive IT- based system called Export Data Processing and Monitoring System (EDPMS) developed for better monitoring of export of goods and software and facilitating AD banks to report various returns through a single platform has been operationalized with effect from February 28, 2014 and the same would be available to AD banks with effect from March 01, 2014.
RBI has further clarified that going forward, the entire shipping documents should be reported in the new system and old shipping documents would continue to be reported in the old system till completion of the cycle. Both the old and new systems will run parallel to each other for some time before the old system is discontinued.
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