RBI Relaxes EDPMS/IDPMS Rules for Bills up to ₹10 Lakh

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  • Last Updated on 4 October, 2025

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RBI EDPMS IDPMS closure norms

Circular No.A.P. (DIR Series) Circular No.12, Dated: 01.10.2025

1. Introduction

The Reserve Bank of India (RBI) has announced a set of measures to simplify the reconciliation and closure of entries in the Export Data Processing and Monitoring System (EDPMS) and the Import Data Processing and Monitoring System (IDPMS). These initiatives are designed to streamline compliance requirements for exporters, importers, and banks while maintaining regulatory oversight.

2. Simplification for Low-Value Transactions

A key highlight of the revised framework is the relaxation for bills of value up to ₹10 lakh. Under the new system, such entries can now be closed based on exporter or importer declarations. This includes the option to use quarterly consolidated statements, significantly reducing the administrative burden on businesses that handle a high volume of smaller-value trade transactions.

3. Role of Authorised Dealer (AD) Banks

Authorised Dealer (AD) banks will continue to play a central role in ensuring smooth functioning of the revised system. They are required to review the charges associated with such closures and ensure compliance with the updated instructions. This supervisory role aims to maintain the integrity of the trade reporting framework while allowing greater ease for businesses.

4. Relief from Penal Charges

In line with the objective of reducing compliance costs, the RBI has directed that no penal fees should be levied by AD banks for these simplified closures. This move is expected to provide significant relief to small and medium exporters and importers, who often face delays and additional costs in reconciling entries in EDPMS and IDPMS.

5. Conclusion

In summary, the RBI’s simplification measures for EDPMS and IDPMS represent a step toward improving the ease of doing business in India’s external trade sector. By allowing low-value bills to be closed on self-declarations and eliminating penal charges, the central bank has made the process more efficient, cost-effective, and business-friendly. These changes are likely to benefit a large section of exporters, importers, and banks while enhancing overall compliance efficiency.

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied