https://www.taxtmi.com/manuals?id=6294 Authorized dealer banks are primarily responsible for FEMA compliance in trade transactions: the AD bank handling export/import documents must ensure adherence to export/import FEMA rules, while the AD bank maintaining the SNRR account must perform due diligence, provide full KYC and remittance particulars to the beneficiary's bank to enable EDPMS reconciliation. The same obligations apply for ECBs, trade credits and foreign investments, including issuance of FIRC where applicable and sharing transaction details among banks. en-us Fri, 06 Dec 2024 14:58:00 +0530 Fri, 06 Dec 2024 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=6294 Authorized dealer banks are primarily responsible for FEMA compliance in trade transactions: the AD bank handling export/import documents must ensure adherence to export/import FEMA rules, while the AD bank maintaining the SNRR account must perform due diligence, provide full KYC and remittance particulars to the beneficiary's bank to enable EDPMS reconciliation. The same obligations apply for ECBs, trade credits and foreign investments, including issuance of FIRC where applicable and sharing transaction details among banks. Manuals FEMA Fri, 06 Dec 2024 14:58:00 +0530 https://www.taxtmi.com/manuals?id=6294