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.