EDPMS PROCESS FOR EXPORTS MADE TO IRAN

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24 Points Posted on 16 December 2021

HI WE HAVE EXPORTED OUR PRODUCTS TO THE CONSIGNEE IN IRAN THROUGH A BUYER IN ABU DHABI, UAE. THE PAYMENT ALSO WILL BE RECEIVED FROM BUYER IN USD.

PLEASE LET US KNOW HOW TO CLOSE EDPMS IN THIS CASE AS CITI BANK IS REFUSIG TO ACCEPT THE DOCUMENTS.

PLEASE PROVIDE A SOLUTION IN THIS CASE

REGARDS,

D.S.MURTHY

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On 16 December 2021 at 12:43 Report
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This discussion addresses the complexities of the EDPMS process for exports to Iran, particularly when payments are routed through a UAE buyer. The user is encountering difficulties with Citi Bank accepting export documents due to Iran's sanctioned status. The conversation seeks solutions and guidance on how to navigate these banking and regulatory hurdles.

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Company Secreatary
2613 Points Posted on 18 December 2021

Why CITI bank refuse to accept the documents?

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On 18 December 2021 at 15:24
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24 Points Posted on 18 December 2021

Dear CS M Pota,

Since Iran is an US Sanctioned list of country.  CITI Bank is not accepting the documents for EBRC. would you suggest a solution for this.

Regards,

D.S.Murthy

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On 18 December 2021 at 15:30
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Company Secreatary
2613 Points Posted on 02 February 2022

Do you have any other Bank as your Banker other than CITY Bank?

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On 02 February 2022 at 09:33
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Advocate
2764 Points Posted on 12 May 2022

https://www.rbi.org.in/scriptts/NotificationUser.aspx?Mode=0&Id=10395

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On 12 May 2022 at 15:30

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