https://www.taxtmi.com/circulars?id=52877 The circular mandates that exporters declare transactions on EDF/SOFTEX forms, realise and repatriate export proceeds within prescribed periods, and route receipts through AD Category I banks under specified modes (including NOSTRO/ACU/OPGSP arrangements). AD Category I banks must perform due diligence, KYC/AML checks, retain and report duplicate declaration forms, monitor outstanding export bills via XOS/ENC returns, permit certain facilities (EEFC/DDA/foreign currency accounts, third party payments, set off/netting) subject to conditions, and follow procedures for extensions, write offs and audit verification. en-us Tue, 01 Jul 2014 00:00:00 +0530 Thu, 28 May 2015 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52877 The circular mandates that exporters declare transactions on EDF/SOFTEX forms, realise and repatriate export proceeds within prescribed periods, and route receipts through AD Category I banks under specified modes (including NOSTRO/ACU/OPGSP arrangements). AD Category I banks must perform due diligence, KYC/AML checks, retain and report duplicate declaration forms, monitor outstanding export bills via XOS/ENC returns, permit certain facilities (EEFC/DDA/foreign currency accounts, third party payments, set off/netting) subject to conditions, and follow procedures for extensions, write offs and audit verification. Circulars FEMA Tue, 01 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52877