Export remittance compliance: exporters and banks must reconcile BRC/EDPMS records or face ICEGATE alert and adjudication. Exporters and Authorized Dealer banks must verify BRC integration via ICEGATE and use uploaded annexures identifying SBS records with unreconciled foreign exchange, IFSC mismatches, and missing BRC data. Exporters should furnish documents for SBS before 01.04.2014 and coordinate with AD banks for post 01.04.2014 SBS to clear pendency in the BRC Module and RBI EDPMS within one month. Non compliance will lead to an ICEGATE alert, issuance of a Show Cause Notice and adjudication proceedings.
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Provisions expressly mentioned in the judgment/order text.
Export remittance compliance: exporters and banks must reconcile BRC/EDPMS records or face ICEGATE alert and adjudication.
Exporters and Authorized Dealer banks must verify BRC integration via ICEGATE and use uploaded annexures identifying SBS records with unreconciled foreign exchange, IFSC mismatches, and missing BRC data. Exporters should furnish documents for SBS before 01.04.2014 and coordinate with AD banks for post 01.04.2014 SBS to clear pendency in the BRC Module and RBI EDPMS within one month. Non compliance will lead to an ICEGATE alert, issuance of a Show Cause Notice and adjudication proceedings.
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