The Reserve Bank of India vide notification dated October 09, 2020 has reviewed the ‘Export Data Processing and Monitoring System (EDPMS) Module for ‘Caution/De-caution Listing of Exporters’.
Under the revised procedure, AD bank would make recommendations to the Regional Office concerned of the Foreign Exchange Department of the Reserve Bank in case the exporter has come to the adverse notice of the Enforcement Directorate(ED) / Central Bureau of Investigation (CBI) / Directorate of Revenue Intelligence (DRI) /any such other law enforcement agency and/or the exporter is not traceable and/or is not making sincere efforts to realize the export proceeds. An exporter would be caution-listed by the Reserve Bank based on the recommendations of the AD bank concerned, depending upon the exporters track record with the AD bank and investigative agencies.
