Issuance of draft Directions for closing small-value shipping bills in Export Data Processing and Monitoring System (EDPMS)

30 Sept 2025 PDF
Subject Tax Alerts
Categories Regulatory
Jurisdictions India

The Reserve Bank of India (RBI) issued the draft directions on closure of shipping bills in the EDPMS (Draft Directions) aimed at simplifying the reconciliation process for small-value export transactions.

EDPMS was introduced in February 2014 to monitor the realization of export proceeds. It received automated data from the following: 

  • ICEGATE – Indian Customs Electronic Data Interchange Gateway, a centralized portal established by the Central Board of Indirect Taxes and Customs (CBIC) to facilitate electronic filing of shipping bills, bills of entry, duty payments and other customs-related interactions.

  • ECCS – Express Cargo Clearance System, another CBIC application designed to automate and expedite the clearance of express cargo shipments handled by authorized couriers. Couriers registered under ECCS can use ICEGATE to access facilities such as the Electronic Cash Ledger (ECL) for payments related to express cargo imports and exports. ECCS was integrated with EDPMS from January 2022.

  • Postal exports – integrated from January 2025, allowing data flow from India Post for exports made via postal channels.

In light of increasing volume of export transactions and to ease compliance for small value exports, i.e. shipping bills of value up to INR1m (or equivalent), RBI has proposed the following changes through the Draft Directions:

  • Authorized Dealer (AD) banks may reconcile and close shipping bills in EDPMS based on a declaration from the exporter, confirming realization of proceeds and providing relevant shipping bill details.
  • Any reduction in the declared export value may also be accepted based on the exporter’s declaration.
  • The above-mentioned declarations can be submitted on a quarterly basis.

AD banks are also advised to review and rationalize the charges levied for handling such small-value export transactions. Further, no penal charges shall be levied by AD banks for delays in regulatory compliance related to such small value transactions. 

Source: Press Release issued by RBI dated 11 July 2025

 

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