Form No. AD Category – I Bank - Part IX (Annex IX) - Statement of Advance Remittance without bank guarantee or standby letter of credit where the amount of advance is equivalent to or more than USD 5 million for import of Rough Diamonds for the period ended …………
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Advance remittance reporting requirement: banks must report large advance payments for rough diamond imports to the central bank. AD Category I banks must submit Annex IX reporting advance remittances made without a bank guarantee or standby letter of credit for import of rough diamonds when advance payments meet the high-value threshold; the template requires bank name and AD code, mining company and importer with IEC, amount of advance, whether import evidence was submitted, and authorised official's signature, to be filed to the concerned Regional Office of the Reserve Bank of India within 15 calendar days of the close of each half year.
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.
Advance remittance reporting requirement: banks must report large advance payments for rough diamond imports to the central bank.
AD Category I banks must submit Annex IX reporting advance remittances made without a bank guarantee or standby letter of credit for import of rough diamonds when advance payments meet the high-value threshold; the template requires bank name and AD code, mining company and importer with IEC, amount of advance, whether import evidence was submitted, and authorised official's signature, to be filed to the concerned Regional Office of the Reserve Bank of India within 15 calendar days of the close of each half year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.