Monthly reporting requirement for AD-Category II: transaction thresholds dictate detailed remittance disclosure and submission timeline. AD-Category II banks must submit a monthly report to the Chief General Manager, Foreign Exchange Department by the 15th of the following month. The report is structured into Part A, capturing category-wise numbers and amounts for transactions exceeding USD 5,000, and Part B, listing transaction-level payee names and amounts for transactions exceeding USD 25,000, across specified remittance purposes such as private visits, travel agent remittances, business travel, overseas education, medical treatment, emigration fees, visa and processing fees, and related categories.
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Monthly reporting requirement for AD-Category II: transaction thresholds dictate detailed remittance disclosure and submission timeline.
AD-Category II banks must submit a monthly report to the Chief General Manager, Foreign Exchange Department by the 15th of the following month. The report is structured into Part A, capturing category-wise numbers and amounts for transactions exceeding USD 5,000, and Part B, listing transaction-level payee names and amounts for transactions exceeding USD 25,000, across specified remittance purposes such as private visits, travel agent remittances, business travel, overseas education, medical treatment, emigration fees, visa and processing fees, and related categories.
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