Non-Resident Deposit reporting now requires only electronic submission to the central statistics office; hard copies discontinued for most banks. Banks dealing in foreign exchange must submit Stat 5 and Stat 8 returns in the prescribed electronic format only to the central statistics office and may stop sending hard copies to that office; Co-operative Banks and Regional Rural Banks should continue submitting both hard and soft copies to the regional offices. The instructions are issued under powers conferred by the foreign exchange legislation and are without prejudice to other statutory permissions or approvals.
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Provisions expressly mentioned in the judgment/order text.
Non-Resident Deposit reporting now requires only electronic submission to the central statistics office; hard copies discontinued for most banks.
Banks dealing in foreign exchange must submit Stat 5 and Stat 8 returns in the prescribed electronic format only to the central statistics office and may stop sending hard copies to that office; Co-operative Banks and Regional Rural Banks should continue submitting both hard and soft copies to the regional offices. The instructions are issued under powers conferred by the foreign exchange legislation and are without prejudice to other statutory permissions or approvals.
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