https://www.taxtmi.com/highlights?id=98267 Reporting obligations for External Commercial Borrowing returns under FEMA are revised to classify Form ECB 1 and Revised Form ECB 1 as returns that do not capture flows, so late submission fee is to be computed accordingly. Each delayed Form ECB 2 submission under a Loan Registration Number is to be treated as a separate return for the fixed component of late submission fee. Designated AD Category I banks must forward complete returns received from eligible borrowers, with certification, to the Reserve Bank within seven calendar days, and must monitor customer payment of applicable late submission fee where submissions are delayed. The revised directions apply from 1 April 2026. en-us Tue, 31 Mar 2026 15:21:08 +0530 Tue, 31 Mar 2026 15:21:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=98267 Reporting obligations for External Commercial Borrowing returns under FEMA are revised to classify Form ECB 1 and Revised Form ECB 1 as returns that do not capture flows, so late submission fee is to be computed accordingly. Each delayed Form ECB 2 submission under a Loan Registration Number is to be treated as a separate return for the fixed component of late submission fee. Designated AD Category I banks must forward complete returns received from eligible borrowers, with certification, to the Reserve Bank within seven calendar days, and must monitor customer payment of applicable late submission fee where submissions are delayed. The revised directions apply from 1 April 2026. Highlights FEMA Tue, 31 Mar 2026 15:21:08 +0530 https://www.taxtmi.com/highlights?id=98267