Export-import FEMA issues frequently arise when businesses fail to reconcile customs documentation with banking records, leading to mismatches that remain open in EDPMS or IDPMS systems. Common causes include delayed export realization, non-receipt of import goods after remittance, incomplete shipping documents, wrong invoice values, and incorrect classification of advance payments or write-offs. Regulators track these discrepancies closely, and unresolved entries may lead to penalties or compliance actions. Sriya Enterprise supports businesses by reviewing open EDPMS/IDPMS entries, coordinating with banks, preparing supporting documentation, and ensuring accurate reporting for complete regulatory closure. Our advisory helps exporters and importers maintain compliance across all stages of cross-border trade.
The Enforcement Directorate (ED) has declared that 2025 will see a sharpened focus on violations under the Foreign Exchange Management Act (FEMA), according to its Director, Rahul Navin. This marks a significant regulatory shift: FEMA compliance is being elevated to…
