MANU/APDR/0050/2016

Ministry : Reserve Bank of India

Department/Board : RBI A.P. DIR (Series)

Circular No. : A. P. (DIR Series) Circular No. 05
                   RBI/2016-2017/78

Date : 06.10.2016

Notification/ Circulars Referred : A.P. (DIR Series) Circular No.65 dated April 28, 2016 MANU/APDR/0030/2016;Notification No. G.S.R. 381(E) MANU/RFEM/0032/2000;A.P. (DIR Series) Circular No. 9 dated August 24, 2000 MANU/APDR/0023/2000

Citing Reference:
A.P. (DIR Series) Circular No.65 dated April 28, 2016 MANU/APDR/0030/2016  Referred

Notification No. G.S.R. 381(E) MANU/RFEM/0032/2000  Referred

A.P. (DIR Series) Circular No. 9 dated August 24, 2000 MANU/APDR/0023/2000  Referred

To

All Category - I Authorised Dealer Banks

Madam/Sir,

Import Data Processing and Monitoring System (IDPMS)

Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No.65 dated April 28, 2016 read with Section 5 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 and A.P. (DIR Series) Circular No. 9 dated August 24, 2000 which outlines the procedure, mode/manner 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 ba........