EDPMS (Export Data Processing and Monitoring System) and IDPMS (Import Data Processing and Monitoring System) are digital platforms developed by the Reserve Bank of India (RBI) to track and manage export and import transactions, respectively. They are crucial for ensuring compliance with Foreign Exchange Management Act, 1999 (FEMA) regulations. Both systems rely on data automatically gathered from customs and reconciled by Authorized Dealer (AD) banks. Advisory information related to these systems often focuses on compliance requirements, potential penalties for non-compliance, and the importance of accurate data reporting and reconciliation
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