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of <h1>RBI Mandates Submission of Undertaking and CA Certificate for All Foreign Exchange Remittances, Including Trade-Related Payments.</h1> The Reserve Bank of India (RBI) has issued a directive requiring individuals or entities remitting foreign exchange to submit an undertaking and a Chartered Accountant (CA) certificate in a specified format. This requirement applies not only to transactions subject to Tax Deducted at Source (TDS) but also to all trade-related payments. This measure is intended to ensure compliance and proper documentation in foreign exchange transactions.
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