Draft Guidelines Released for Reconciliation of Shipping Bills in Export Data Processing and Monitoring System (EDPMS)
The Reserve Bank of India (RBI) has announced a move to ease compliance burdens for exporters—particularly those dealing in small-value shipments—by proposing simplified reconciliation procedures within the Export Data Processing and Monitoring System (EDPMS).
What is EDPMS?
Introduced in February 2014, the EDPMS is a centralized platform developed by RBI to monitor the realisation of export proceeds. It automatically matches each shipping bill with the corresponding foreign exchange remittance received.
Over time, RBI has expanded the system’s data inputs:
Customs shipping bills via ICEGATE (automated since inception)
Express cargo shipments via ECCS (from January 2022)
Postal export bills (included from January 2025)
This integration has led to a significant surge in the volume of export transactions processed through the platform.Need for Simplification
Need for Simplification
With the increasing number of small-value export transactions, exporters—especially MSMEs and courier-based traders—have faced procedural hurdles in reconciling shipping bills with inward payments. To address this, RBI has drafted new directions to streamline the closure process for such cases.
Public Feedback Invited
RBI has released draft Directions proposing these procedural relaxations and is inviting public comments and stakeholder feedback.
Deadline for submission: July 31, 2025
How to submit:
Via the ‘Connect 2 Regulate’ section on the RBI Website Or by email, using the subject line: “Feedback on draft directions on closure of shipping bills in EDPMS”
Why It Matters
Reduces compliance load for small exporters
Saves time in closure of shipping bills
Encourages smoother forex tracking and reporting
Enhances data accuracy in India’s export monitoring framework
