As per the new guidelines AD banks are required to report permissions granted for settlement of delayed import dues as per the applicable procedure. AD banks are also required to report permissions granted for settlement of delayed import dues by Regional offices of Reserve Bank on a similar basis. Is the mandated reporting only for approvals accorded for extensions up to one year/three years for non-capital/capital goods respectively?
External Commercial Borrowings (ECB) and Trade Credits - As on Jun 26, 2023
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Reporting obligations for delayed import dues require AD banks to report all permissions for settlement regardless of extension tenure. AD banks must report permissions granted for settlement of delayed import dues irrespective of the extension tenure sought, including permissions granted ... Summary
Reporting obligations for delayed import dues require AD banks to report all permissions for settlement regardless of extension tenure.
AD banks must report permissions granted for settlement of delayed import dues irrespective of the extension tenure sought, including permissions granted by Regional Offices of the Reserve Bank, so the reporting is not limited to specified one-year or three-year extensions under the FEMA framework for External Commercial Borrowings and Trade Credits.
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