Trade Credit for imports into India – Submission of return on issuance of bank guarantees for Trade Credits on the Centralised Information Management System (CIMS)
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Trade credit reporting shifted to CIMS; banks must file guarantees return R131 only via CIMS from the specified cutoff date. Quarterly reporting of issuance of bank guarantees for trade credits must be submitted only on the Centralised Information Management System (CIMS) under return code R131; submission via the XBRL platform will be discontinued and the Master Direction on External Commercial Borrowing, Trade Credit and Structured Obligations will be updated accordingly.
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.
Trade credit reporting shifted to CIMS; banks must file guarantees return R131 only via CIMS from the specified cutoff date.
Quarterly reporting of issuance of bank guarantees for trade credits must be submitted only on the Centralised Information Management System (CIMS) under return code R131; submission via the XBRL platform will be discontinued and the Master Direction on External Commercial Borrowing, Trade Credit and Structured Obligations will be updated accordingly.
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