RBI to set up new monitoring system to check export data flaws
PTI: New Delhi, Feb 03 2013, 23:54 IST
received from customs, STPI (Software Technology Park of India), SEZs (Special Economic Zones) in a secure manner.
Besides, the new system would allow the banks to upload and update receipt of documents and export proceeds directly in the RBI system and would provide for reporting of serious cases of default, including forwarding them to the customs and excise departments for necessary action, if any.
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