Export Outstanding Statement online submission: bank wide reporting with nodal branch designation and FEMA based compliance. XOS reporting will move from branch wise to an online, bank wide submission; AD Category I banks must designate a Nodal Branch to upload consolidated XOS data in CSV format to the RBI server using allotted User IDs and passwords. Banks should implement required infrastructure, test uploads by sending sample test data for RBI feedback, and follow the Bank User Manual. The directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export Outstanding Statement online submission: bank wide reporting with nodal branch designation and FEMA based compliance.
XOS reporting will move from branch wise to an online, bank wide submission; AD Category I banks must designate a Nodal Branch to upload consolidated XOS data in CSV format to the RBI server using allotted User IDs and passwords. Banks should implement required infrastructure, test uploads by sending sample test data for RBI feedback, and follow the Bank User Manual. The directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
