RBI releases Report of the Working Group on Import Data Processing and Monitoring System (IDPMS) - आरबीआय - Reserve Bank of India
RBI releases Report of the Working Group on Import Data Processing and Monitoring System (IDPMS)
The Reserve Bank of India has today placed on its website the Report of the Working Group on Import Data Processing and Monitoring System (Chairman Shri A. K. Pandey, CGM, FED, RBI). The Working Group was constituted in October 2015 comprising representatives from Central Board of Excise and Customs (CBEC) Department of Revenue (DoR), Directorate General of Foreign Trade (DGFT), Special Economic Zone (SEZ) Ministry of Commerce and Industry (MoCI), Foreign Exchange Dealers' Association of India (FEDAI) and select public and private sector banks to examine gaps in the current import follow up and monitoring procedures. In its report submitted on March 11, 2016, the Working Group has recommended putting in place a robust and effective IT based import monitoring system analogous to the existing Export Data Processing and Monitoring System (EDPMS). The Working Group has recommended IT based solution to effectively plug gaps and remove vulnerabilities in existing systems and procedures without adding any cumbersome procedures while undertaking import transactions. The main features of the proposed IDPMS are as follows:
The Reserve Bank of India, in collaboration with the Customs and other stakeholders has started working on the suggested IT based processing and monitoring system & the date of implementation of the new system will be notified separately. Ajit Prasad Press Release : 2015-2016/2468 |