Money laundering property attachment and third-party encumbrance rights clarified; prior bona fide interests enforceable before confiscation, appeals ...
Profiteering in construction services for failure to pass input tax credit resulted in repayment exceeding the commensurate benefit and closure of pro...
These Regulations (superseding the 2015 rules) require exporters to file an Export Declaration Form (EDF) with the specified authority and, for non-EDI cases, transmit authenticated EDFs to the Authorised Dealer (AD), thereby formalising export declarations and linkage to ADs; they prescribe realisation periods-generally 15 months (18 months if invoiced/settled in INR) and contract-specific terms for project exports-thereby fixing time limits for repatriation; empower ADs to verify genuineness before credit/debit and to close or update EDPMS/IDPMS entries, thereby imposing AD monitoring and reporting duties; permit ADs to allow reduction in export realisation, set-off of export receivables against import payables, third-party receipts/payments, and controlled advance remittances (with restrictions for gold/silver), thereby regulating adjustments and advance flows; impose reporting timelines for EDPMS/IDPMS and require ADs to maintain internal policies/SOPs, thereby mandating compliance, monitoring and customer grievance/appeal mechanisms.
These Regulations (superseding the 2015 rules) require exporters to file an Export Declaration Form (EDF) with the specified authority and, for non-EDI cases, transmit authenticated EDFs to the Authorised Dealer (AD), thereby formalising export declarations and linkage to ADs; they prescribe realisation periods-generally 15 months (18 months if invoiced/settled in INR) and contract-specific terms for project exports-thereby fixing time limits for repatriation; empower ADs to verify genuineness before credit/debit and to close or update EDPMS/IDPMS entries, thereby imposing AD monitoring and reporting duties; permit ADs to allow reduction in export realisation, set-off of export receivables against import payables, third-party receipts/payments, and controlled advance remittances (with restrictions for gold/silver), thereby regulating adjustments and advance flows; impose reporting timelines for EDPMS/IDPMS and require ADs to maintain internal policies/SOPs, thereby mandating compliance, monitoring and customer grievance/appeal mechanisms.
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