Mumbai : RBI on Thursday said that exporters can be put on a “caution” list in case the trader is not making any efforts for realisation of export proceeds or on therecommendation of investigative agencies like ED and CBI. Describing the criteria laid down for cautioning /de-cautioning of exporters in Export Data Processing and Monitoring System (EDPMS), RBI said exporters would be “caution listed” if any shipping bill against them remains open for more than two years in EDPMS, provided no extension is granted by the bank/RBI.

“The exporters can also be caution listed even before theexpiry of two years period based on the recommendation of AD banks. “The recommendation may be based on cases where exporter has come to adverse notice of the Enforcement Directorate(ED)/ Central Bureau of Investigation (CBI)/Directorate of Revenue Intelligence (DRI) /any such other law enforcement agency or the case where exporter is not traceable or not making any serious efforts for realisation of export proceeds,” RBI said. RBI said this  while notifying additional modules for caution listing of exporters, reporting of advance remittance for exports and migration of old data under EDPMS.

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