**Summary:**
On July 11, 2025, the Reserve Bank of India (RBI) issued a press release regarding draft directions related to the closure of shipping bills in the Export Data Processing and Monitoring System (EDPMS). The EDPMS was introduced in February 2014 to monitor the realization of export proceeds. The system has since been automated to include the flow of shipping bills from Customs via ICEGATE, data from the Express Cargo Clearance System (ECCS) from January 2022, and postal export bill data from January 2025.
The RBI aims to simplify the reconciliation process within EDPMS, particularly for exporters of small value goods, due to a significant increase in export transactions flowing into the system. The draft directions address regulatory compliance issues related to reconciling these small value exports.
The RBI is soliciting feedback on these draft directions. Stakeholders can submit comments through the "Connect 2 Regulate" section on the RBI website or via email to the address provided in the press release by July 31, 2025, using the subject line "Feedback on draft directions on closure of shipping bills in EDPMS." Further inquiries can be directed to the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001, or by phone at 022-2266 0502, or via email to helpdocrbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for introducing and managing the Export Data Processing and Monitoring System (EDPMS).
EDPMS: Export Data Processing and Monitoring System, used by the Reserve Bank of India to monitor the realization of funds against exports.
Customs Authority: The governmental body responsible for managing customs and export-related activities, providing shipping bill data through ICEGATE.
ICEGATE: An electronic gateway for data exchange, facilitating the automated flow of shipping bills from the Customs Authority into the EDPMS.
ECCS Express Cargo Clearance System: A system that provides data to EDPMS related to express cargo clearance.
Mumbai, Maharashtra: City in India, location of the Reserve Bank of India's central office.
Puneet Pancholy: Chief General Manager at Reserve Bank of India.
Shipping Bills: Documents related to export transactions that are reconciled against payments received in the EDPMS.
�ेस �काशनी PRESS RELEASE
भारतीय �रज़व र् बक�
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi सचं ार िवभाग, क��ीय कायार्लय, शहीद भगत �संह माग,र् फोटर्, मबुं ई - 400 001
0
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मले /email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
July 11, 2025
Directions related to Closure of Shipping Bills in the
Export Data Processing and Monitoring System (EDPMS) – Draft for Feedback
Reserve Bank of India introduced the EDPMS to monitor the realisation of funds
against exports in February, 2014. In due course, the flow of shipping bills from the
Customs Authority has been automated through ICEGATE and from January, 2022,
data from ECCS (Express Cargo Clearance System) also started flowing into
EDPMS. Further, postal exports bill data also started flowing into EDPMS from
January, 2025.
2. Over the years, there has been significant increase in the number of export
transactions that flow into the EDPMS, wherein each shipping bill is reconciled
against payment received. With the objective of easing compliance, especially for
exporters of small value goods, it has been decided to simplify the process of
reconciliation in EDPMS. Accordingly, draft Directions have been prepared to
address the issues related to regulatory compliance involving reconciliation of small-
value exports in the EDPMS.
3. Comments/ feedback on the draft Directions may be submitted through the link
under the ‘Connect 2 Regulate’ Section available on the Reserve Bank’s website or
may alternatively be forwarded via email by July 31, 2025, with the subject
line “Feedback on draft directions on closure of shipping bills in EDPMS”.
(Puneet Pancholy)
Press Release: 2025-2026/705 Chief General Manager