Online Workshop on FEMA 1999 on Export and Import of Goods and Services
Context Setting
Digitization of regulatory documents (shipping bill and bill of entry) is being implemented by Reserve Bank of India, the Regulatory authority, to reduce the paperwork and to ease the trade operations.
Export Data Processing and Monitoring System (EDPMS) and Import Data Processing and Monitoring System (IDPMS) are gradually setting in. But there are some outstanding transactions creating pressure for the companies. Reserve Bank of India consolidating their guidelines from the year 2000 till date has issued Master Directions on Export and Import of goods and services with regular updates.
CII CME is organising a 2-day Online Workshop on the crucial topic of Foreign Exchange Management Act 199 for Exim related issues on 24 & 25 February 2022.
Objective
To understand the following aspects :
QUICK OVERVIEW OF CURRENT AND CAPITAL ACCOUNT TRANSACTIONS
EXPORTS:
- Delay in submission of regulatory documents / submission of data
- Difference between Trade discounts and Reduction in Invoice value
- Delayed export payments and extensions
- ‘Write off’ of unrealized export outstanding
- Regularizing direct dispatch of documents to the buyer
- Netting off / set off
- Payment of Agency commission
- Advance remittances – revised guidelines
- Dispatch of free samples
IMPORTS:
- Delayed import remittances
- Advance remittance for imports
- Outstanding bill of entry in IDPMS
- Proponent of import payments
- Import of services and software
- Merchanting Trade transactions – revised guidelines
- Import Transactions where bill of entry will not be there
- Trade credits – suppliers credit and buyers credit
- Third country/party imports
REMITTANCES – A 2 REMITTANCES
Key Takeaways
To understand the following aspects :
- QUICK OVERVIEW OF CURRENT AND CAPITAL ACCOUNT TRANSACTIONS
- EXPORTS
- IMPORTS
- REMITTANCES – A 2 REMITTANCES
Participation Fees
Participation Fee (per head)
CII Large Scale Members - INR 6,250/- plus 18% GST
CII Medium Scale Members - INR 5,500/- plus 18 % GST
CII Small Scale Members - INR 4,750/- plus 18% GST
Non Members - INR 7,000/- plus 18% GST
Special Discount
- 5% for 2 nominations from same organisation
- 10% for 3 and more nominations from same organisation
Note
- Participation fees is non-refundable / non-adjustable against any other programme of CII, but change in nomination(s) is accepted.
- Prior registration for participation by the sponsoring companies is necessary.
Who Should Attend / Target Audience
Venue
Online
