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of <h1>AD Banks Must Report Gold Import Data via CIMS Portal Under Return Code R132 Starting December 26, 2023.</h1> Return Code R132 pertains to the monthly reporting of gold imports by Export Oriented Units (EOUs), Special Economic Zones (SEZs), Export Processing Zones (EPZs), and nominated agencies. Authorized Dealer (AD) banks must submit data on gold imports, detailing quantities and values, for both the current month and cumulative fiscal year. From December 26, 2023, banks must use the CIMS portal for these submissions. Additionally, banks are required to report on merchant trade transactions, import defaults, and specific remittance details to the Reserve Bank of India (RBI) on a half-yearly basis, ensuring compliance with import regulations.
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