Extension For Exporter Caution Listing Deadline Date upto 31st March 2018

Earlier, Reserve Bank of India had given instructions to Authorised Dealer Banks to close all outstanding entries in EDPMS by 31st December, 2017. But, some AD Banks have failed to meet the requirements of/ direction issued by the RBI, thereby causing possible Caution listing of Exporter         

Considering the issue, the Reserve Bank of India has extended the special extension upto 31st March, 2018 upto which the exporters WILL NOT be treated as Caution listed.

RBI has directed the AD Banks to clear the pendency in EDPMS on or before March 31, 2018 with the following special directives:

·         Outstanding entries in EDPMS beyond 2 years are closed immediately

·         Outstanding entries in EDPMS beyond 9 months are closed latest by 31st March, 2018.

         

Exporters should get all their Shipping Bills settled within the prescribed time period i.e., 31st March, 2018.

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