Reporting under Liberalised Remittance Scheme: authorised dealer banks must submit monthly remittance data via XBRL by the fifth following month. AD Category I banks must report monthly Liberalised Remittance Scheme data via the XBRL system (replacing ORFS), uploading required information by the fifth day of the succeeding month from the July 1, 2021 cycle; user IDs will be provided and 'nil' should be uploaded if no data exists. The direction is issued under FEMA and without prejudice to other legal permissions.
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Provisions expressly mentioned in the judgment/order text.
Reporting under Liberalised Remittance Scheme: authorised dealer banks must submit monthly remittance data via XBRL by the fifth following month.
AD Category I banks must report monthly Liberalised Remittance Scheme data via the XBRL system (replacing ORFS), uploading required information by the fifth day of the succeeding month from the July 1, 2021 cycle; user IDs will be provided and 'nil' should be uploaded if no data exists. The direction is issued under FEMA and without prejudice to other legal permissions.
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