Context Setting

Importers are required to comply with FEMA 1999 and Reserve Bank of India regulations and instructions, besides compliance to other regulations, in respect of their import business.  Also, with the use of technology for monitoring the import transactions through ICEGATE/ECCS/ IDPMS, it has now been more important for importers to understand the regulations and guidelines, so as to comply with the same, but also understand how these can be used to facilitate completion and closure of the transactions.

Also, importers need to know the facilities granted by RBI, under FEMA 1999, for undertaking specific transactions relating to Merchanting Trade and High Sea Sales, and financing of imports through Trade Credit and use of import letters of credit.

This workshop is therefore, curated to   make importers aware of the guidelines, issued by Reserve Bank of India, which exporters should know for doing business with compliance.  

Objective

This seminar is aimed to share knowledge on various guidelines and facilities relating to imports into India, as issued by Reserve Bank of India, which should help importers in complying to these guidelines and run their business within the given norms.

Key Takeaways

The session will cover following agenda

• FEMA 1999 and Imports
• Shipments and Payments 
• Understanding IDPMS
• Closure of Bills and payments 
• RBI Guidelines and Facilities
• Approved Manner of Payment
• Rupee Settlement Mechanism
• Issues in closure of import bills and payments  
• High Sea Sales Transactions 
• Guidelines on Merchanting Trade Transactions 
• Financing of Imports -Trade Credit and import LC 

Participation Fees

Who Should Attend / Target Audience

Coordinator