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    <title>Merchanting Trade Transaction?</title>
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    <description>Where an inward remittance for merchanting trade has been treated as a general advance against export and used to settle other export invoices while the merchanting invoice remains uncleared, the recommended remedial step is to file Form ETX and seek an extension from the Reserve Bank to regularise the receipt-invoice mismatch; procedural questions on Form ETX filing and the RBI extension procedure were left outstanding.</description>
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      <description>Where an inward remittance for merchanting trade has been treated as a general advance against export and used to settle other export invoices while the merchanting invoice remains uncleared, the recommended remedial step is to file Form ETX and seek an extension from the Reserve Bank to regularise the receipt-invoice mismatch; procedural questions on Form ETX filing and the RBI extension procedure were left outstanding.</description>
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