Foreign currency write-off reporting: prescribed disclosure of totals, currency-wise break-up, reasons, and required approvals. Reporting format requires FFMCs and AD Cat-II to disclose foreign currency written off in the financial year, stating the total in equivalent US dollars, ... Summary
Foreign currency write-off reporting: prescribed disclosure of totals, currency-wise break-up, reasons, and required approvals.
Reporting format requires FFMCs and AD Cat-II to disclose foreign currency written off in the financial year, stating the total in equivalent US dollars, a currency-wise break-up, date of each write-off, the reason (such as fake/forged, theft, lost in transit), and recording approval by the FFMC/AD Cat-II or Reserve Bank.
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