The RBI vide its Notification RBI/2024-25/46 A.P. (DIR Series) Circular No. 12 dated 3rd July 2024, has now permitted all ADs to facilitate remittances based on the online/physical submission of Form A2 with no limit on the amount that can…
The Foreign Exchange Management Act (FEMA) stands as a cornerstone in India's regulatory framework, overseeing foreign exchange transactions and currency dealings since its enactment in 1999. Replacing the Foreign Exchange Regulation Act (FERA), FEMA ushered in a new era of…
In today's interconnected global economy, international trade forms the backbone of economic growth and prosperity for many businesses. Whether you're a small enterprise or a multinational corporation like Sriya Enterprise, understanding trade finance is crucial for navigating the complexities of…
The event organized by FIEO focused on a Capacity Building Programme: Awareness Programme on "Exports India@75 - District As Export Hub" in Vadodara. Trade compliance is a crucial part of corporate operations, ensuring that all import and export transactions adhere…
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…
Foreign exchange regulations can make buying property in Dubai a bureaucratic quagmire for Indians. Offers of simple payment plans with annual installments may be in violation of the Foreign Exchange Management Act (FEMA). FEMA regulations provide that people are only…
Diving into the complexities of trade finance under the tutelage of Swati Panji was an enlightening journey. Her mastery over the subject matter shone through as she navigated us through the maze of FEMA and RBI regulations with ease. With…
Non-Compliance Can Cost Avoid penalties and regulatory issues by fulfilling your FLA reporting obligation promptly. We're Here to Help If you need assistance or guidance on FLA filing, reach out to us. We're committed to supporting you through the process…
The Government of India introduced the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit to support eligible exporters, with its inception dating back to April 1, 2015. This initiative plays a crucial role in assisting exporters from…
Extension of Interest Equalization Scheme (IES) up to 30.06.2024 -In this regard, it may be noted that a cap of Rs. 2.50 Cr per IEC beyond that they will not be able to avail is imposed till 30.06.2024 for the…
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