Introduction
Importers and Exporters need to have adequate knowledge of the rules and regulations laid down under Foreign Exchange Management Act (FEMA) conveyed by RBI through various circulars. These relate to manner of payment, time limit for export receipt / import payment and documents / evidence to be submitted to the bank for reconciliation of entries under EDPMS and IDPMS as stipulated by RBI.
They should also familiarise themselves with various finance schemes available under Trade Finance for exporters and importers. This workshop will cover the various rules, regulations and procedures in FEMA Notifications and RBI Master Directions (Circulars) for proper monitoring of export and import payments.
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Manner of receipt and permitted methods of payment relating to Exports as per FEMA
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- Third party payments (for export / import transactions) permitted by RBI
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- Exchange Earners’ Foreign Currency Account (EEFC Account)
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- Receipt of advance against exports – Time limit for shipment of goods
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- Direct dispatch of documents by the exporter – Rules / Procedures to be followed
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- Reduction in invoice value of exports/ discou nt allowable to overseas buyer
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- Write-off of export dues in case of buyer’s insolvency or other valid reasons
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- Set-off of export receivables against import payables
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- Third Party Payment for Import Transactions
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- Advance Remittance for Import of Goods – Need for Bank Guarantee / SLBC
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- Evidence of Import – Importance of Bill of Entry
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- Procedures and guidelines relating to EDPMS and IDPMS
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Manner of Receipt and Permitted Methods of Payment relating to Exports under FEMA
Including reporting, tracking, and closure of export transactions through EDPMS as prescribed by RBI.Third-Party Payments in Export and Import Transactions
RBI-permitted structures, compliance conditions, and mandatory reporting requirements under EDPMS (for exports) and IDPMS (for imports).Exchange Earners’ Foreign Currency Account (EEFC Account)
Credits, debits, and utilization of EEFC balances in alignment with FEMA provisions and EDPMS reporting norms.Receipt of Advance Against Exports
Time limits for shipment, monitoring of advances, and consequences of delays as captured and tracked in EDPMS.Direct Dispatch of Export Documents by the Exporter
Permissible scenarios, procedural safeguards, and bank reporting obligations under the EDPMS framework.Reduction in Invoice Value / Discounts Allowed to Overseas Buyers
Conditions, approval requirements, and post-shipment adjustments as reflected and regularized in EDPMS.Write-off of Export Dues
Permitted limits, grounds such as buyer insolvency, and systematic closure of export bills through EDPMS.Set-off of Export Receivables against Import Payables
Regulatory conditions, documentation, and synchronized reporting across EDPMS and IDPMS.Third-Party Payments for Import Transactions
RBI guidelines, risk controls, and accurate transaction capture under IDPMS.Advance Remittance for Import of Goods
Requirements for Bank Guarantee / SLBC, timelines for import completion, and monitoring via IDPMS.Evidence of Import – Bill of Entry
Criticality of timely BoE submission, matching with remittances, and closure of import transactions in IDPMS.Procedures and Guidelines relating to EDPMS & IDPMS
End-to-end lifecycle: transaction reporting, matching, exceptions, delays, write-offs, and regulatory consequences of non-compliance.
COURSE SCHEDULE & FEES
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