9911796707
TMI BlogEvidence of Import under Import Data Processing and Monitoring System (IDPMS)X X X X Extracts X X X X X X X X Extracts X X X X ..... (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 05 dated October 06, 2016 read with Section 5 and Section 10 of the Foreign Exchange Management Act 1999 (42 of 1999) , Government of India Notification No. G.S.R. 381(E) dated May 3, 2000 viz., Foreign Exchange Management (Current Account Transaction) Rules, 2000 on import of goods, FED Master Direction No. 17 dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... educe transaction costs, it has been decided to discontinue submission of hardcopy of Evidence of Import documents i.e. BoE, with effect from December 01, 2016, as it is available in IDPMS. The revised procedures are as set out below: i. AD Category I bank will enter BoE details (BoE number, port code and date) as received from the importer and download the BoE message data from BOE Master ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... recap advice on number and amount of BoE and ORM not settled for the importer. iv. The importer needs to preserve the printed Importer copy of BoE as evidence of import and acknowledgement slip for future use. 3. The extant instructions and guidelines for Evidence of Import in Lieu of Bill of Entry will apply mutatis mutandis. The evidence of import in lieu of BoE in permitted/approved ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nspectors and IS auditors (including external auditors appointed by AD Category I bank) should carry out verification and IS audit and assurance of the BOE Settlement process in IDPMS. Data and process followed by AD Category I bank for BOE Settlement should be preserved in terms of the guidelines under Cyber Security Framework in the bank. However, in respect of cases which are under inves ..... X X X X Extracts X X X X X X X X Extracts X X X X
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