𝐈𝐃𝐏𝐌𝐒 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐈𝐦𝐩𝐨𝐫𝐭 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐏𝐫𝐨𝐜𝐞𝐝𝐮𝐫𝐞

 

𝐈𝐃𝐏𝐌𝐒 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐈𝐦𝐩𝐨𝐫𝐭 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐏𝐫𝐨𝐜𝐞𝐝𝐮𝐫𝐞 

Import Data Processing and Monitoring System (IDPMS – RBI) is a mandatory system to monitor import payments under FEMA.

Step-by-Step Flow:

Step 1: Import shipment received
→ Importer files Bill of Entry (BOE) on ICEGATE

Step 2: BOE data transmission
→ Customs system auto-transmits BOE data to RBI-IDPMS

Step 3: BOE appears in AD Bank IDPMS
→ BOE reflects as Outstanding Import Bill

Step 4: BOE mapping
→ AD Bank maps BOE to importer’s account

Step 5: Document submission
→ Importer submits BOE, Invoice, Packing List, BL/AWB
→ Bank verifies and links documents in IDPMS

Step 6: Import payment
→ Remittance made through AD Bank

Step 7: Payment matching
→ Bank matches remittance with BOE in IDPMS

Step 8: BOE closure
→ BOE marked CLOSED upon full payment

Step 9: Overdue monitoring
→ BOE becomes overdue if payment not completed within prescribed time

Step 10: Extension / Write-off (if applicable)
→ Bank updates IDPMS status accordingly

📌 Key Reminder:
Import payments should generally be completed within 6 months from BOE date to avoid FEMA non-compliance.