RBI Seeks Comments on Draft Rules for EDPMS Shipping Bill Closure

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  • Last Updated on 15 July, 2025

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RBI Draft Directions on EDPMS Closure

Press Release: 2025-2026/705, Dated: 11.07.2025

The Reserve Bank of India (RBI) has released draft directions aimed at simplifying the process of closing shipping bills in the Export Data Processing and Monitoring System (EDPMS). This move is part of RBI’s ongoing efforts to reduce the compliance burden for small exporters and promote ease of doing business in the export sector.

1. Objective of the Draft Directions

With a rising number of small-value export transactions, exporters—particularly Micro, Small and Medium Enterprises (MSMEs)—face challenges in completing reconciliation and closure formalities in EDPMS. The proposed simplification seeks to:

  • Streamline the documentation process
  • Accelerate reconciliation and closure of shipping bills
  • Minimise administrative delays and procedural bottlenecks
  • Facilitate timely realisation and repatriation of export proceeds

2. Key Proposals in the Draft Directions

While the draft directions are subject to public consultation, the RBI has highlighted the following proposed changes:

  • Simplified closure norms for shipping bills below a certain threshold value
  • Relaxation in documentation requirements for small-value exports
  • Automation of closure triggers for specific export categories
  • Clarity on timelines and exceptions to aid consistency across banks and ADs

Further details on the exact procedural amendments will be finalised based on stakeholder inputs.

3. Public Consultation and Feedback Timeline

RBI has invited comments and suggestions from all stakeholders, including:

  • Exporters (especially small and medium enterprises)
  • Authorised Dealer (AD) banks
  • Export consultants and trade bodies

3.1 Deadline for Submissions

July 31, 2025

3.2 How to Submit Feedback

  • Through the RBI website (Public Comments section)
  • Or via email to the specified RBI address mentioned in the draft notification

4. Conclusion

This initiative reflects RBI’s intent to support small exporters by simplifying procedural requirements and enhancing operational efficiency. Once finalized, these directions will likely bring greater transparency and relief to thousands of businesses involved in cross-border trade.

Click Here To Read The Full Press Release

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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