Current Affairs · RBI Draft Norms
Under the regulatory frameworks managed via the Export Data Processing and Monitoring System (EDPMS), consider the guidelines regarding the closure of shipping bills: 1. Authorised Dealer (AD) Category-I banks are permitted to close shipping bills up to a specified threshold value based on exporter declarations under certain relaxed conditions. 2. The system tracks the realization of export proceeds in coordination with Customs data. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 only
- 22 only
- 3Both 1 and 2✓
- 4Neither 1 nor 2
Correct answer
Both 1 and 2
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