https://www.taxtmi.com/highlights?id=94801 The central bank mandates that, from January 1, 2026, Authorised Dealer Category-II banks, entities, and full-fledged money changers must directly submit a "LRS daily return" (including nil returns) on the Centralised Information Management System. They will gain CIMS access to verify cumulative PAN-wise remittances under the Liberalised Remittance Scheme in the current financial year before processing further transactions. Consequently, these entities may stop routing LRS transaction reporting through Authorised Dealer Category-I banks. All authorised persons must follow the CIMS user manual and may approach the relevant regional foreign exchange department for operational issues. The Master Direction on FEMA reporting will be updated accordingly. en-us Fri, 05 Dec 2025 19:08:38 +0530 Fri, 05 Dec 2025 19:08:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=94801 The central bank mandates that, from January 1, 2026, Authorised Dealer Category-II banks, entities, and full-fledged money changers must directly submit a "LRS daily return" (including nil returns) on the Centralised Information Management System. They will gain CIMS access to verify cumulative PAN-wise remittances under the Liberalised Remittance Scheme in the current financial year before processing further transactions. Consequently, these entities may stop routing LRS transaction reporting through Authorised Dealer Category-I banks. All authorised persons must follow the CIMS user manual and may approach the relevant regional foreign exchange department for operational issues. The Master Direction on FEMA reporting will be updated accordingly. Highlights FEMA Fri, 05 Dec 2025 19:08:38 +0530 https://www.taxtmi.com/highlights?id=94801