Wait...

Online Export Import Data Search

Complete Training Video : Click Here

Date: 12-04-2018
Notification No: A.P. (DIR Series) Circular No.23
Issuing Authority: RBI  
Type: A.P.D.(Series) Circulars
File No: RBI/2017-18/161
Subject: Liberalised Remittance Scheme (LRS) for Resident Individuals – daily reporting of transactions

RBI/2017-18/161
A.P. (DIR Series) Circular No. 23

April 12, 2018

To

All Category - I Authorised Dealer Banks

Madam / Sir

Liberalised Remittance Scheme (LRS) for Resident Individuals – daily reporting of transactions

Please refer to the announcement made in para 10 of Part II of the First Bi Monthly Monetary Policy Statement 2018-19 dated April 05, 2018.

2. Currently, transactions under Liberalised Remittance Scheme (LRS) are being permitted by AD banks based on the declaration made by the remitter. The monitoring of adherence to the limit is confined to obtaining such a declaration without independent verification, in the absence of a reliable source of information.

3. In order to improve monitoring and also to ensure compliance with the LRS limits, it has been decided to put in place a daily reporting system by AD banks of transactions undertaken by individuals under LRS, which will be accessible to all the other ADs.

4. Accordingly, from the date of issue of this circular, all AD Category-I banks are required to upload daily transaction-wise information undertaken by them under LRS at the close of business of the next working day. In case no data is to be furnished, AD banks shall upload a ‘Nil’ report. AD banks can upload the LRS data as CSV file (comma delimited), by accessing XBRL site through the URL https://secweb.rbi.org.in/orfsxbrl/ as hitherto.

5. The directions contained in this circular have been issued under Sections 10(4), 11(1) and 11(2) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/approvals, if any, required under any other law.

Yours faithfully,

(R K Moolchandani)
Chief General Manager

       

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-07-2018
Circular No. 22 /2018-Customs
Refund of IGST on export of goods on payment of duty-Clarification in case of SB003 errors and extension of date in SB005 & other cases using officer Interface for rectification of errors-reg.

Date: 18-07-2018
Circular 21/2018-Customs
Refund of IGST on export of Goods on payment of duty-Setting up of Help Desks -reg.

Date: 16-07-2018
Notification No.53/2018-Custom
Seeks to amend BCD rates on certain textile goods.

Date: 16-07-2018
Notification No. 52/2018-Customs
Seeks to further amend Notifications No. 50/2017-Customs dated 30.06.2017 to expand list of exempt items for Handicraft Sector

Date: 14-07-2018
Public Notice No. 22/2015-2020
Merchandise Exports from India Scheme (MEIS) benefit for `Bengal-gram` under ITC(HS) Code 07132020 upto 20.09.2018.

Date: 14-07-2018
Public Notice No. 23/2015-2020
Amendments in the Appendix 3B of the Merchandise Exports from India Scheme (MEIS).

Date: 14-07-2018
Notification No. 62/2018-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg

Date: 13-07-2018
Notification No.37/2018-Customs (ADD)
seeks to rescind notification No. 36/2012- Customs (ADD) dated the 16th, July 2012.

Date: 13-07-2018
Notification No. 36/2018-Customs (ADD)
seeks to impose anti-dumping duty on the imports of "Grinding Media Balls" (excluding Forged Grinding Media Balls) originating in or exported from China PR and Thailand.

Date: 13-07-2018
DGFT Policy Circular No. 10/2015-20
Accountability of inputs where Advance Authorizations are issued om net to basis for parts/components - reg.



Exim Guru Copyright © 1999-2018 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001