Export Realization and Repatriation: RBI rules require banks to ensure timely repatriation and reporting of export proceeds. Consolidates RBI rules under FEMA governing export of goods and services, prescribing AD Category I bank duties on EDF and SOFTEX procedures, KYC/AML checks, timelines for realization and repatriation of export proceeds, permitted foreign currency accounts (including EEFC and Diamond Dollar Accounts), and reporting via EDPMS. It details advance payment and long term export advance conditions, third party payments, consignment, netting/set off, export factoring, and special provisions for SEZs, project/service exports, trade fairs and re exports, alongside mechanisms for extensions, write offs and supervisory audits.
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 Realization and Repatriation: RBI rules require banks to ensure timely repatriation and reporting of export proceeds.
Consolidates RBI rules under FEMA governing export of goods and services, prescribing AD Category I bank duties on EDF and SOFTEX procedures, KYC/AML checks, timelines for realization and repatriation of export proceeds, permitted foreign currency accounts (including EEFC and Diamond Dollar Accounts), and reporting via EDPMS. It details advance payment and long term export advance conditions, third party payments, consignment, netting/set off, export factoring, and special provisions for SEZs, project/service exports, trade fairs and re exports, alongside mechanisms for extensions, write offs and supervisory audits.
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