https://www.taxtmi.com/circulars?id=68820 AD banks may reconcile and close EDPMS and IDPMS entries for small-value export/import bills based on exporter or importer declarations that proceeds have been realised or payments made; value reductions may be accepted and declarations may be consolidated quarterly for bulk reconciliation. Banks must review handling charges to ensure they are commensurate and must not levy penal charges for regulatory delays; the changes take immediate effect and the master directions will be updated under the foreign exchange law. en-us Wed, 01 Oct 2025 00:00:00 +0530 Wed, 18 Feb 2026 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68820 AD banks may reconcile and close EDPMS and IDPMS entries for small-value export/import bills based on exporter or importer declarations that proceeds have been realised or payments made; value reductions may be accepted and declarations may be consolidated quarterly for bulk reconciliation. Banks must review handling charges to ensure they are commensurate and must not levy penal charges for regulatory delays; the changes take immediate effect and the master directions will be updated under the foreign exchange law. Circulars FEMA Wed, 01 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68820