.........there had been an increase in the number of unmatched export transactions between Customs and bank reports, impacting export realisation follow-up. Based on the recommendation of a working group set up to identify lacunae in export reporting and follow-up procedures, RBI decided to put in place by September 2013 a structure to implement an information technology-based solution, using a secured website of the RBI to update the export database on a real time basis. Hopefully, this will facilitate quicker follow-up/data generation/policy formulation...........
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