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of <h1>Banks Must Submit Project Export Data to EXIM Bank for Nationwide Compilation Under FEMA 1999 Guidelines.</h1> The circular addresses Authorised Dealers Category I banks, referring to a previous directive that allows them to approve project exports up to USD 100 million, while larger projects require Working Group consideration. It highlights the absence of consolidated data on project exports and instructs these banks to submit post-award approval data for export contracts to the Export-Import Bank of India. This data should be sent in Excel format to facilitate nationwide data compilation. The circular is issued under the Foreign Exchange Management Act, 1999, and banks are advised to inform their clients and stakeholders of these requirements.
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