EDPMS & IDPMS Advisory Services
Streamline your RBI export-import payment reporting
Assistance in reconciliation and closure of export and import transactions with banks under RBI reporting systems.
About This Service
EDPMS (Export Data Processing and Monitoring System) and IDPMS (Import Data Processing and Monitoring System) are RBI's electronic platforms for monitoring foreign exchange transactions related to exports and imports. All export and import transactions must be properly reported and closed in these systems.
Many businesses face challenges with open EDPMS/IDPMS entries, mismatches between shipping bills and bank realizations, pending write-offs, and cautions/alerts generated by RBI. Unresolved entries can lead to restrictions on future banking transactions and regulatory scrutiny.
Eximart Consultancy specializes in EDPMS/IDPMS reconciliation, helping businesses identify and resolve pending entries, coordinate with banks for proper closure, and maintain clean compliance records with RBI.
What's Included
- ✓Complete EDPMS/IDPMS data analysis and reconciliation
- ✓Identification and resolution of open and overdue entries
- ✓Bank coordination for export realization and import payment reporting
- ✓Write-off applications for unrealized export proceeds
- ✓Caution and alert resolution with RBI/AD banks
- ✓Regular monitoring and MIS reporting for ongoing compliance
How We Handle EDPMS & IDPMS
A structured, transparent approach from initial assessment to final deliverable.
Data Extraction & Analysis
We obtain your EDPMS/IDPMS data from the bank and perform a comprehensive analysis of all open entries and their aging.
Reconciliation
Matching of shipping bills with bank realizations, identifying mismatches, and preparing reconciliation statements.
Resolution & Closure
Coordination with banks for closure of entries, filing of write-off applications, and resolution of cautions/alerts.
Compliance Reporting
Preparation of compliance reports and implementation of systems for ongoing monitoring and timely closure of future entries.
Frequently Asked Questions
What happens with open EDPMS entries?
Open entries beyond the prescribed period generate cautions in the RBI system, which can affect your banking relationships and ability to conduct future forex transactions.
Can old EDPMS entries be written off?
Yes, under certain conditions, exporters can apply for write-off of unrealized export proceeds through their Authorized Dealer bank with proper documentation.
How often should EDPMS/IDPMS reconciliation be done?
We recommend quarterly reconciliation to ensure timely identification and resolution of discrepancies before they escalate.
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