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If you’ve recently tried to remit funds abroad, you may have noticed a new hurdle: Indian banks are now scrutinizing the purpose code you use for every overseas transaction. Gone are the days when “S1099 – Other Services Not Included Elsewhere” was…
Root Cause Analysis (RCA) is a crucial method for identifying the underlying reasons for issues within business processes. This blog will dissect a typical RCA for Export and Import operations, highlighting common pitfalls and providing insights into how businesses can…
