Ahmedabad, March 15 -- Micro, Small, and Medium Enterprises (MSME) industry bodies have urged the Reserve Bank of India (RBI) to revise regulations governing e-commerce exports.
The request was made during a meeting with the central bank in Ahmedabad last week.
According to an industry source familiar with the discussions, MSME representatives highlighted challenges in the current system, which requires manual matching of shipping bills with inward remittances (IRMs).
The industry contends that this process is impractical for high-volume e-commerce exports, causing delays and inefficiencies.
To address this issue, MSME bodies have proposed the integration of an automated reconciliation system within the RBI's Export Data Processing an...
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