GST NO. 07AAACE1747M1ZJ

CIN U20299DL1986 NPL023253

EXPORT PROMOTION COUNCIL FOR HANDICRAFTS

EPCH HOUSE, POCKET 6 & 7, SECTOR 'C', LOCAL SHOPPING CENTRE, VASANT KUNJ, NEW DELHI-110070

Tel: 91-11-26135256 

Email:  policy@epch.com 

 Fax: 91-11-26135518,26135519 

web: www.epch.in  

EPCH-3/1(7)-POLICY/2019-20

3rd January, 2020 

 

To

 

All Member Exporters, 

 

Subject: EDPMS Auto-Caution Listing Process – Extension of date - reg 

 

Dear Member(s),

 

This is in continuation to our previous circulars on the subject mentioned above. In order to redress the grievances of genuine exporters, Reserve Bank has reviewed the position and considering the large pendency of export bills beyond 2 years, various reasons cited by exporters/AD Banks and involvement of multiple agencies, merger of banks, etc., it is felt that granting a further extension of 3 months i.e. up to 31st March 2020 is to be given. Accordingly, till 31st March 2020, the provisions of caution listing will not be effective.

 

In the extant guidelines issued by RBI to the AD banks it is stated that: 

 

“As you are aware, on June 25, 2019, Reserve Bank had extended the timeline for enforcing the caution listing provisions till 31st December 2019. It has been decided to extend the exemption for the exporters from enforcement of the provisions of caution listing, for a further period of three months till 31st March 2020. 

 

AD Banks may note that this dispensation is without prejudice to the action, if any, taken on the ADs for non-compliance of the directions issued by Reserve Bank of India under FEMA 1999. They are advised to further intensify their efforts to reduce/ close the outstanding shipping bills effectively utilising this 3 month period.” 

In the view of the above, we urge all the affected members to kindly pursue their AD Banks to update all the old entries in the EDPMS by 31st March 2020. 

While we are getting extension from time to time, it can’t be an indefinite one. Members are, therefore, requested to take remedial measures at their end so that no shipment remains outstanding beyond the time prescribed by the RBI.  

The above is for your information please.

 

Thanks and regards, 

 

(Rakesh Kumar) 

Director General 

 

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