https://www.taxtmi.com/highlights?id=93045 The central bank directed authorised dealer Category-I banks to allow reconciliation and closure of export/import EDPMS/IDPMS entries of up to Rs.10 lakh per bill based on a declaration by the exporter/importer that payment was realized/paid, permitting declared or invoice value reductions and quarterly consolidated declarations for bulk closing; banks must review and align handling charges with services rendered and must not levy penal charges for regulatory-related delays. The instructions take immediate effect, will be reflected in updated master directions, and are issued under FEMA, without prejudice to other legal permissions. en-us Fri, 03 Oct 2025 18:17:42 +0530 Fri, 03 Oct 2025 18:17:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=93045 The central bank directed authorised dealer Category-I banks to allow reconciliation and closure of export/import EDPMS/IDPMS entries of up to Rs.10 lakh per bill based on a declaration by the exporter/importer that payment was realized/paid, permitting declared or invoice value reductions and quarterly consolidated declarations for bulk closing; banks must review and align handling charges with services rendered and must not levy penal charges for regulatory-related delays. The instructions take immediate effect, will be reflected in updated master directions, and are issued under FEMA, without prejudice to other legal permissions. Highlights FEMA Fri, 03 Oct 2025 18:17:42 +0530 https://www.taxtmi.com/highlights?id=93045