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TMI BlogImport Data Processing and Monitoring System (IDPMS)X X X X Extracts X X X X X X X X Extracts X X X X ..... r of payment for imports and submission of related returns. 2. In order to enhance ease of doing business and facilitate efficient data processing for payment of import transactions and effective monitoring thereof, Import Data Processing and Monitoring System (IDPMS) has been developed in consultation with the Customs authorities and other stakeholders. The details of IDPMS were advised to the AD Category-I banks vide above mentioned A.P. (DIR Series) Circular No.65 dated April 28, 2016 and banks were requested to be ready with the required IT changes in their system to generate/submit the data under IDPMS as per specified message format and technical specification. 3. As announced in the fourth Bi-monthly Monetary Policy Statement 2016- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... utstanding outward remittance/s for import payments needs to be completed on or before October 31, 2016. Settlement of ORM with BoE iii. Based on the AD code declared by the importer, the banks shall download the Bill of Entry (BoE) issued by EDI ports from "BOE Master" in IDPMS. For non-EDI ports, AD bank of the importer shall upload the BoE data in IDPMS as per message format "Manual BOE reporting" on daily basis on receipt of BoE from the customer/Customs office. iv. AD banks will enter BoE details (BoE number, port code and date) for ORM associated with the advance payments for import transactions as per the message format "BOE settlement". v. In case of payment after receipt of BoE, the AD bank shall generate ORM for import paym ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... importer from remitting / receiving the amount in case of change in circumstances. xi. Extension and write off cases not covered by the extant guidelines may be referred to the concerned Regional Office of Reserve Bank of India for necessary approvals. Follow-up for Evidence of Import xii. AD Category - I banks are required to follow up for submission of prescribed documents for evidence of import in terms of extant guidelines on the subject. 7. Authorised Dealers may bring the contents of this circular to the notice of their constituents and customers concerned. 8. Master Direction No. 17/2015-16 dated January 1, 2016 is being updated to reflect the changes. 9. The directions contained in this circular have been issued under Sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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