overdue Export Advances :Quarterly Statement by AD

By | May 12, 2016

Quarterly Statement showing details of overdue Export Advances

As per  Exports of Goods and Services : RBI new directions  following is the format for

AD shall exercise proper due diligence and ensure compliance with KYC and AML guidelines so that only bona-fide export advances flow into India. Doubtful cases as also instances of chronic defaulters shall be referred to Directorate of Enforcement (DoE) for further investigation. A quarterly statement indicating details of such cases (as per Annex -4) may be forwarded to the concerned Regional Offices of RBI within 21 days from the end of each quarter.

Annex -4

Quarterly Statement showing details of overdue Export Advances

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