https://www.taxtmi.com/circulars?id=53207 An exporter receiving an advance must complete shipment within the stipulated period; AD Category I banks must monitor overdue advances, exercise KYC and AML due diligence to ensure bona fide flows, refer doubtful or chronic defaulters to the Directorate of Enforcement, and submit a quarterly statement of overdue export advances as per the Annex within 21 days from quarter end, under powers conferred by the Foreign Exchange Management Act, 1999. en-us Mon, 09 Feb 2015 00:00:00 +0530 Wed, 18 Feb 2026 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53207 An exporter receiving an advance must complete shipment within the stipulated period; AD Category I banks must monitor overdue advances, exercise KYC and AML due diligence to ensure bona fide flows, refer doubtful or chronic defaulters to the Directorate of Enforcement, and submit a quarterly statement of overdue export advances as per the Annex within 21 days from quarter end, under powers conferred by the Foreign Exchange Management Act, 1999. Circulars FEMA Mon, 09 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53207