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Audit Trail Compliance in Accounting Software
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March 2015

A. P. (DIR Series) Circular No. 76 dated February 12, 2015

By Gaurang Gandhi Chartered Accountant

Reading Time 1 mins

Foreign Exchange Management Act, 1999 – Import of Goods into India

This circular states that importers are henceforth not required to submit Form A-1 to their banks at the time of making payments to their overseas suppliers for imports into India. However, banks need to obtain all the requisite details from the importers so as to satisfy themselves about the bonafides of the transactions before effecting the remittance.

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March 2015

A. P. (DIR Series) Circular No. 76 dated February 12, 2015

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March 2015

A. P. (DIR Series) Circular No. 76 dated February 12, 2015

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You May Also Like

A. P. (DIR Series) Circular No. 74 dated February 9, 2015

A. P. (DIR Series) Circular No. 77 dated February 12, 2015