Reserve Bank of India has constituted IDPM committee consisting of representative of custom, Directorate general of Foreign Trade, special economic zone and Authorised dealers Bank to facilitate efficient processing of import transactions. For tracking import transactions customs will modify Bill of Entry and display AD code of Bank concerned as specified by importers. Depending upon the AD code import transactions from customs will first flow to RBI’s secured server and then will be shared by respective banks for taking transaction forward. AD Bank shall enter every subsequent activity in IDPMS to update RBI database on real time bases.
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