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Exporters and Importers 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.

With this end in view the “Program on RBI/ FEMA Regulations” has been designed to equip the exporters / importers and also junior officers in the trade finance department of the bank with the various rules, regulations and procedures communicated through FEMA Notifications and RBI Master Directions (Circulars) for proper monitoring of export and import payments.

PROGRAMME CONTENTS

Day 1 : FEMA

• Manner of receipt and permitted methods of payment relating to Exports as per FEMA
  
• Third party payments (for export / import transactions) permitted by RBI
  
• Exchange Earners’ Foreign Currency Account (EEFC Account)
  
• Receipt of advance against exports – Time limit for shipment of goods
  
• Direct dispatch of documents by the exporter – Rules / Procedures to be followed
  
• Reduction in invoice value of exports/ discount allowable to overseas buyer
  
• Write-off of export dues in case of buyer’s insolvency or other valid reasons
  
• Set-off of export receivables against import payables
  
• Bill of Entry and Third Party Payment for Import Transactions
  
• Advance Remittance for Import of Goods – Need for Bank Guarantee / SLBC
  

Day 2 : EDPMS and IDPMS

• RBI / FEMA regulations on EDPMS (RBI Circular 16 of 2016)
  
• RBI / FEMA regulations on IDPMS (RBI Circular 5 of 2016)
  
• Role of – Customs, ICE Gate, RBI, Banks etc.
  
• Monitoring and Follow-up by banks
  
• Features of Shipping Bills, Bill of Entries, eBRCs, eFIRC, IRMs, ORMs etc
  
• Write off, Transfer of AD and Caution listing procedure by banks
  
• Dealing with Shipping bill, Bill of entry, PP Forms, Courier receipts in EDPMS / IDPMS
  
• Practical problems and suggested solutions for exporters / importers

DAY & DATE : June 23 & 24, 2023 (Friday and Saturday)

TIME : 2:00 to 5:00 pm

PROGRAMME FEE : Rs.900/- per person including GST.

FACULTY : Mr. K. Rajasekaran, Former AGM: Global Trust Bank Ltd. and Ex-trainer: State Bank of Travancore