Liberalised Remittance Scheme monitoring: daily transaction reporting by authorised dealer banks required to ensure compliance and access across banks. Liberalised Remittance Scheme monitoring requires AD Category I banks to upload daily, transaction wise LRS information at the close of business of the next working day, or a Nil report if no data exists, as a CSV file via the prescribed XBRL portal; the reports will be accessible to other ADs to improve monitoring and ensure adherence to LRS limits under the Foreign Exchange Management Act.
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Provisions expressly mentioned in the judgment/order text.
Liberalised Remittance Scheme monitoring: daily transaction reporting by authorised dealer banks required to ensure compliance and access across banks.
Liberalised Remittance Scheme monitoring requires AD Category I banks to upload daily, transaction wise LRS information at the close of business of the next working day, or a Nil report if no data exists, as a CSV file via the prescribed XBRL portal; the reports will be accessible to other ADs to improve monitoring and ensure adherence to LRS limits under the Foreign Exchange Management Act.
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