External Commercial Borrowing reporting updated with revised late submission fee treatment and bank filing responsibilities under FEMA. Revised reporting directions govern returns relating to External Commercial Borrowing under the Foreign Exchange Management Act, 1999. Form ECB 1 and Revised Form ECB 1 are treated as returns that do not capture flows, and delayed submissions are to be assessed accordingly. The designated bank must forward the complete return with certification to the Reserve Bank within seven calendar days, while any applicable late submission fee is payable by NEFT or RTGS after receipt of the Reserve Bank's acknowledgment e-mail. The bank must also monitor payment of the fee in delayed cases.