Foreign exchange reporting obligations: authorised dealers must ensure timely, accurate FDI/ECB/ODI filings or face regulatory penalties.
Authorised Dealers must ensure accurate and timely reporting of FDI, ECB and ODI transactions, including obtaining LRNs for ECB drawdowns, filing ODI forms and UINs, submitting Annual Performance Reports and share certificates, and making prescribed FDI filings, because failures by ADs have caused a substantial portion of FEMA contraventions; the Reserve Bank may require information and impose penalties for non compliance, so ADs must strengthen internal controls and reporting systems.

Line of Credit conditions govern export financing and Indian sourcing requirements under the Exim Bank-Swaziland agreement.
Exim Bank extended a Line of Credit to Swaziland to finance eligible Indian exports for agriculture, mandating that at least seventy five percent of contract value for goods and non consultancy services be supplied from India while up to twenty five percent may be procured abroad; exports must comply with the Foreign Trade Policy and shipments declared on GR/SDF forms. The LOC disallows agency commission from the credit but permits exporter funded commission remittances subject to AD Category I bank compliance with prevailing rules. Directions are issued under FEMA without prejudice to other statutory approvals.

Foreign Direct Investment: conversion of capital goods imports into equity permitted under government route; second-hand machinery excluded.
The circular permits issuance of equity or preference shares under the Government route by conversion of imports of capital goods, but revises conditions to exclude second hand machineries from eligible imports; independent third party valuation, preferably from the country of import and supported by customs documentation, is required to assess the fair value. All other prior conditions remain unchanged and Authorised Dealer Category I banks must inform customers; the amendment is notified under the foreign exchange regulatory framework and does not affect other statutory permissions.

FINnet gateway reporting requires MTSS Indian agents to submit XML reports and cease CD-format submissions.
Authorised Persons who are Indian agents under the Money Transfer Service Scheme must submit reports to the FINnet Gateway in the prescribed XML format and discontinue CD-format submissions; FIU-IND will not treat CD submissions received after the transition date as valid, and the directions are issued under FEMA and PMLA statutory powers.

Reporting obligation via FINnet Gateway: authorised persons must use XML uploads; CD submissions will be invalid.
Authorised persons must submit reports to FIU IND via the FINnet Gateway in the new XML format; CD submissions will not be treated as valid after the gateway's go live date. Compliance with FIU IND procedures and use of the help desk for assistance is required. The directions are issued under the Foreign Exchange Management Act, 1999 and the Prevention of Money Laundering Act, 2002 and applicable rules, without prejudice to other statutory permissions.

Cross-border inward remittance AML/CFT: Indian MTSS agents must apply international guidance and ensure sub-agent compliance and due diligence.
Authorised Persons (Indian Agents) under the Money Transfer Service Scheme must consider the international statement on jurisdictions with AML/CFT deficiencies, apply enhanced scrutiny and proportionate counter-measures to mitigate ML/TF risks, ensure Sub-Agents comply with these measures, and communicate the circular's contents to constituents; directions are issued under statutory foreign exchange and anti-money-laundering laws and do not preclude legitimate transactions.

AML/CFT compliance: authorised persons must apply FATF high-risk jurisdiction guidance and strengthen risk-based safeguards.
Authorised persons in money-changing activities must consider the FATF October 2012 statement identifying jurisdictions with strategic AML/CFT deficiencies and apply risk-based measures and enhanced scrutiny for relationships or transactions involving those jurisdictions. The guidance applies mutatis mutandis to agents and franchisees, with franchisers responsible for compliance, and is issued under the Foreign Exchange Management Act and the Prevention of Money Laundering Act.

ECB limit increase for NBFC IFCs: higher automatic borrowing cap with approvals required beyond the cap and reduced hedging.
The circular raises the permitted ECB ceiling for NBFC IFCs under the automatic route as a proportion of owned funds while borrowings beyond that ceiling require Reserve Bank approval under the approval route. End use remains confined to on lending to infrastructure and other ECB conditions are unchanged. The currency risk hedging obligation for NBFC IFCs is reduced to a lower specified proportion of exposure. Authorised Dealer Category I banks must certify compliance and continue to certify leverage ratios for approval route proposals. The amendments are effective immediately under FEMA authority.

KYC address verification eased: identity document with matching address accepted as proof of identity and address for money changing.
Where the address on a prospective customer's identity document matches the customer's declared current address, the document may serve as proof of both identity and address; otherwise a separate proof of address must be obtained. The instruction eases customer compliance, leaves other KYC/AML requirements unchanged, applies to agents and franchisees with franchisers responsible for their compliance, and requires Principal Officer acknowledgement.

Know Your Customer norms allow an identity document to serve as both ID and address proof for money transfers when addresses match.
Where the identity document submitted by a prospective customer under the Money Transfer Service Scheme shows the same address as the customer's declared current address, that document may be accepted as proof of both identity and address; if the address differs, a separate proof of address must be obtained. These instructions supplement existing KYC/AML/CFT requirements, apply equally to Sub Agents with Indian Agents responsible for compliance, and require Principal Officer acknowledgment of the circular.

Softex procedure revision allows eligible software exporters to submit consolidated electronic statements under revised compliance rules.
The revised Softex procedure, extended with immediate effect to SEZs, EPZs, 100% EOUs and DTAs, aligns these units with the earlier STPI process and allows exporters meeting specified turnover or filing-volume eligibility to submit consolidated export declarations in prescribed excel formats (Annexures A & B). Authorised Dealer Banks are to inform constituents; the directions are issued under the Foreign Exchange Management Act and do not affect other statutory permissions.