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        Case ID :
        FEMA

        The central bank directed authorised dealer Category-I banks to...

        Central bank allows banks to reconcile and close export/import EDPMS/IDPMS entries up to Rs 10 lakh per bill under FEMA

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                          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.
                                The central bank directed authorised dealer Category-I banks to allow reconciliation and closure of export/import EDPMS/IDPMS entries of up to Rs.10 lakh per bill based on a declaration by the exporter/importer that payment was realized/paid, permitting declared or invoice value reductions and quarterly consolidated declarations for bulk closing; banks must review and align handling charges with services rendered and must not levy penal charges for regulatory-related delays. The instructions take immediate effect, will be reflected in updated master directions, and are issued under FEMA, without prejudice to other legal permissions.
                                Note: It is a system-generated summary and is for quick reference only.
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