Date Time No. of Days Fees (Inclusive Taxes)
Holiday Inn Delhi 9971

EDPMS, IDPMS& FEMA Guidelines 

Introduction

EDPMS and IDPMS, despite their critical roles in monitoring and managing foreign exchange transactions in India, face several challenges and issues. One of the primary challenges is the complexity of compliance. Both systems require strict adherence to the regulations set forth by FEMA, which can be intricate and subject to frequent changes, making compliance a moving target for businesses involved in international trade.

Understanding FEMA regulations, which govern all foreign exchange transactions in India, is crucial. Non-compliance can lead to severe penalties and legal action.

This training program on EDPMS, IDPMS, and FEMA is meticulously designed to equip participants with the necessary tools and knowledge to navigate the complexities and challenges of these systems effectively

The program offers practical insights into navigating EDPMS and IDPMS, focusing on key aspects such as accurate data entry, understanding of transaction codes, and the reconciliation process. This will significantly reduce the risk of discrepancies and errors in reporting.

With hands-on experience, real case studies and scenarios, enhancing the ability of participants to handle real-world challenges in foreign exchange transaction management

Course Content

FEMA and RBI Master Directions

Session 1

  • FEMA on export of goods and services
  • Regulatory compliance
  • Responsibilities of A D in handling export transactions
  • Export of product & services  
  • Time limit for presentation of export documents
  • Time limit for realizing export payments
  • Change of buyer – Extension of time limit
  • Export write of f – handling export advance remittances
  • Netting of f – direct dispatch of documents to the consignee
  • GR Waiver – Export related remittances
  • Lega l expenses, export clai ms, storage and warehousing charges, demurrage and agency commission – with case studies.
  • Rules & Regulations on Exports & Analysis of Master Direction on Export of Goods & Services 

Session 2

  • FEMA on Import of goods services  
  • Handling advance remittances for imports  
  • Responsibilities of an authorised dealer in handling import transactions – time limit for import payments  
  • Approved method of payments  
  • Submission of documentary evidence  
  • Reporting system for import remittances  
  • Delayed remittances under AD’s discretionary powers, cases to be referred to RBI, difference between high sea sales and merchanting trade
  • Trade credential
  • Suppliers credit t and buyers credit t – with case studies
  • Introduction to FTDR Act
  • FEMA Perspective on EOU & SEZ

Session 3:

EDPMS / IDPMS – Procedure, Issues & Challenges

IDPMS :

  • Receipt of Import Bills/Documents
  • Evidence of Import
  • Settlement of ORM with BoE
  • Extension and Write Of f
  • Follow-up for Evidence of Import
  • Verification and Preservation
  • Challenges in High sea Sales transactions

EDPMS :

  • Export of goods/ software done through EDI ports
  • Issuance of Electronic Bank Realisation Certificate (eBRC)
  • Set-off of export receivables against import payables
  • EDPMS – Additional modules for caution listing of exporters, reporting of advance remittance for exports and migration of old XOS data
  • EDPMS – Responsibility of remittance receiving and converting bank
  • EDPMS – Clarification on closure of export bills
  • EDPMS – Closure of entries

Session 4

  • Role of – Customs, ICE Gate, RBI, Banks etc.
  • Monitoring and Follow-up by banks
  • Features of Shipping Bills, Bill of Entries, eBRCs, eFIRC, IRMs, ORMs etc.
  • Write of f, Transfer of AD and Caution listing procedure by banks
  • Dealing with Shipping bill, Bill of entry, PP Forms, Courier receipts
  • Practical problems, Case studies and suggested solutions for exporters / importers

Timings: 10:00 am – 5:30 pm, Registration begins at 9:30 am