EDPMS automates the reconciliation of export funds against shipping bills, with data inflows from Customs Authority (ICEGATE), Express Cargo Clearance System (ECCS) since 2022, and postal exports from 2025. Recognizing a substantial increase in transactions, the RBI aims to simplify compliance, particularly for small-value exporters. The draft directions propose that Authorized Dealer (AD) banks can reconcile and close shipping bills valued up to Rs 10,00,000 based on a quarterly declaration from the exporter, affirming fund realization and accepting declared value reductions. The feedback/ comments from stakeholders are invited.
(Link: RBI Press Release Dated 11/07/2025, Draft Directions)