Foreign trade reporting requires authorised dealers to record, monitor and close export, import and merchanting transaction entries. Authorised Dealers must enter prescribed export, import, service transaction and remittance details in EDPMS or IDPMS within five working days, monitor ... Summary
Referred In :
Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026
Foreign trade reporting requires authorised dealers to record, monitor and close export, import and merchanting transaction entries.
Authorised Dealers must enter prescribed export, import, service transaction and remittance details in EDPMS or IDPMS within five working days, monitor outstanding entries, and follow up for closure documents. Export entries are marked off after realisation of value and import entries after payment. Advance transaction entries, reduced-value import entries, and Merchanting Trade Transaction entries may be closed or updated subject to the specified conditions. All foreign trade transactions must also be reported through FETERS under applicable guidelines.
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