Small exporters have flagged inefficiencies in the Export Data Processing and Monitoring System (EDPMS), particularly for low-value shipments under $1,000, which are crucial for India’s $1 trillion export target by 2030.
Former IOB CMD M. Narendra urged that closure charges be waived or subsidized. A policy paper warns that compliance burdens and charges often exceed the shipment value, disincentivizing MSMEs.
Experts propose AI-based automation to reduce manual compliance. They also urge integration of Customs, DGFT, RBI, and banks to streamline small export shipments and reduce bureaucratic hurdles.