1. Background Exporters often face delays in shipment execution and realisation of export proceeds due to global supply chain disruptions, geopolitical uncertainties, and extended overseas payment cycles.To ease liquidity pressure on exporters and ensure uninterrupted credit flow, the Reserve Bank …
The Reserve Bank of India has issued a new notification on 13 November 2025 that brings important relaxations for exporters under FEMA. This amendment is officially called: Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2025 Let’s …
The Reserve Bank of India (RBI) has issued an important update on October 1, 2025, through its A.P. (DIR Series) Circular No. 11, concerning Merchanting Trade Transactions (MTT). This move is set to provide much-needed relief to merchanting traders and …
The Reserve Bank of India (RBI) has introduced a welcome simplification in foreign trade reporting norms.On 29 September 2025, RBI issued fresh guidelines allowing Authorised Dealer (AD) Category-I banks to directly close Bills of Entry (BoE) in the Import Data …
The Reserve Bank of India (RBI) has introduced a welcome relief for businesses that handle smaller value trade transactions. Entries in the Export Data Processing and Monitoring System (EDPMS) and Import Data Processing and Monitoring System (IDPMS) often required lengthy …
In today’s interconnected global economy, foreign exchange (FX) operations are pivotal for international trade, remittances, and investments. As cross-border transactions grow, banks require skilled professionals to navigate regulations, manage risks, and facilitate smooth dealings. The Indian Institute of Banking & …
When it comes to exports, Indian exporters often hear terms like GR Form, EDF, and GR Waiver. These terms can be confusing, especially since regulations have evolved over time. Let’s break them down in simple words with examples. What is …
If you’re preparing for the Certified Documentary Credit Specialist (CDCS) exam, there’s an important update you need to know. The exam format will undergo a significant transformation starting 12th September 2025, making it more flexible for candidates and more focused …
When transferring money locally or internationally, using the correct bank identifier code is crucial. These codes help ensure your funds reach the correct financial institution without delays or errors. While codes like ABA, SWIFT, and IBAN are common, there are …
A letter of indemnity is a stand‑alone, one‑page undertaking—usually issued by the seller (beneficiary) and, where required, countersigned by its bank—by which the issuer: Asserts ownership of the goods in question. Indemnifies the addressee (carrier, bank or buyer) against any …