https://www.taxtmi.com/circulars?id=54182 The Master Direction requires AD Category - I banks, under FEMA, to ensure bona fide import transactions, perform KYC/AML and due diligence, create Outward Remittance Messages in IDPMS for all remittances lacking evidence, reconcile ORMs with Bills of Entry, preserve and verify import documents, follow timelines for settlement/extension/write-off, and apply conditional guarantee requirements for advance remittances across sectors including diamonds, aircraft, gold and services. en-us Fri, 01 Jan 2016 00:00:00 +0530 Tue, 13 Jan 2026 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54182 The Master Direction requires AD Category - I banks, under FEMA, to ensure bona fide import transactions, perform KYC/AML and due diligence, create Outward Remittance Messages in IDPMS for all remittances lacking evidence, reconcile ORMs with Bills of Entry, preserve and verify import documents, follow timelines for settlement/extension/write-off, and apply conditional guarantee requirements for advance remittances across sectors including diamonds, aircraft, gold and services. Circulars FEMA Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54182