Date Time No. of Days Fees (Inclusive Taxes)
13/10/2023 2:00 PM - 5:00 PM 1 3835

EDPMS & IDPMS – Issues & Guidelines

Posted on by

Introduction

In the on-going process of de-regulation in Foreign Trade and Exchange control administration, focus is now on various avenues for developing International Trade as well as its control measures.The regulators have come out with EDPMS & IDPMS to track and monitor the business flow.

With the increase in international trade business and opening up of market, it is necessary to monitor and report the trade business as expected by the regulator.

Course Objective

  • Foreign Trade / Exchange Business with special reference to promoting Export/Import Business 
  • Handling IRM, ORM, Shipping Bills, Bill of entry in EDPMS & IDPMS software.
  • To develop skills in marketing of export financing business in the above categories ensuring compliance with Guidelines / Rules with reference to certain Ministries, Agencies and Acts applicable in our country.

Key Benefits :

  • Regulatory framework
  • Role of – Customs, ICE Gate, RBI, Banks etc.
  • Monitoring process ( Bankers perspective)
  • Features of Shipping Bills, Bill of Entries, eBRCs, eFIRC, IRMs, ORMs etc
  • Utilization ,Write off, Transfer of AD ,Caution listing Etc
  • Handling of manual Shipping bill, Bill of entry, PP Forms, Courier receipts.
  • Dispute resolution and Q&A.

Course Content

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

IDPMS :

Detailed Operational Procedures for IDPMS : –                    

  • Advance Remittance for Import of Rough Diamonds
  • Receipt of Import Bills/Documents
  • Evidence of Import
  • Settlement of ORM with BoE
  • Extension and Write Off 
  • Follow-up for Evidence of Import
  • Verification and Preservation

Other Similar programs

  • Import Management – Issues and Challenges

    This workshop will explore the various hurdles and difficulties importers encounter while managing imports like Compliance and Regulatory Issues, Documentation Challenges, Customs Clearanc e Delays and Trade Barriers and Tariffs   …

  • Import Export Documentation & Procedures

    With Latest Updates in Regulations and Procedures Documents are a necessary evil in business transactions. Be it purcha se, sa le or shipping, a single missing or incorrectly prepared document can …

  • International Logistics & Vendor Selection

    For Importers / Exporters, Supply Chain & Purchase dept. In the global business materials and components are sourced worldwide and products may be manufactured offsho re and sold in many …

  • New Foreign Trade Policy 2023

    And Latest Updates for Importers and Exporters Union Minister of Commerce and industry, Shri Piyush Goyal recently launched the Foreign Trade Policy 2023. The Key Approach to the policy is based on …

  • FEMA documentation for Import Export

    Exporters and Importers need to have adequate knowledge of the rules and regulations laid down under Foreign Exchange Management Act (FEMA) conveyed by RBI through various circulars. These relate to manner …

  • Cost Reduction in Shipping, Transportation & Logistics

    Logistics is the set of integrated activity that links primary & secondary input supplier with the ultimate customers through a value chain. Logistics is the cos t which if properly …