RBI in its circular has instructed that a remitter of foreign exchange is required to submit an undertaking and CA certificate to be submitted in prescribed form.

Undertaking and CA certificate are not limited to transactions on which TDS is to be deducted but also applicable to all payments related to trade.

[See: RBI/2007-2008/100 A. P. (DIR Series) Circular No. 03]

FEMA payment compliance requires remitters to submit prescribed undertaking and CA certificate for trade-related payments. A remitter of foreign exchange must submit a prescribed undertaking and a Chartered Accountant certificate when making payments to non-residents; this requirement covers all trade-related payments and is not limited to transactions on which tax is to be deducted at source.