In a move aimed at easing compliance for Indian exporters—especially those dealing in small-value goods—the Reserve Bank of India (RBI) has issued draft directions to simplify the process of closing shipping bills in the Export Data Processing and Monitoring System (EDPMS). The central bank is inviting comments and feedback from stakeholders on the draft by July 31, 2025.
Background of EDPMS
The EDPMS was introduced by the RBI in February 2014 as a digital platform to monitor the realisation of export proceeds. Over the years, integration with Customs (via ICEGATE), Express Cargo Clearance System (ECCS), and, most recently, postal exports (since January 2025) has vastly expanded the platform’s scope.
Need for Simplification
The RBI noted that the exponential increase in the number of export transactions has made the reconciliation of shipping bills against payments increasingly cumbersome—particularly for small exporters. The proposed directions are thus designed to streamline regulatory compliance and reduce administrative burden in processing small-value export reconciliations.
Public Consultation Invited
Exporters, trade bodies, and other stakeholders are encouraged to review the draft directions and submit their comments. Feedback can be provided through the ‘Connect 2 Regulate’ section of the RBI’s website or via email at tradefeedback@rbi.org.in with the subject line “Feedback on draft directions on closure of shipping bills in EDPMS.”
The RBI has emphasized that this consultation is a step toward a more efficient and exporter-friendly trade ecosystem.
Access the Draft and Submit Feedback
- Draft Directions: RBI Website – View Content
- Submit Feedback: Connect 2 Regulate
Notification Details
Date: July 11, 2025
