📩 Email: ask@fema.in
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📞 Chat: +91-8850585672
The ODFC FEMA Compliance Solution for an Export-Import House includes a comprehensive suite of services to ensure all cross-border transactions meet FEMA and RBI regulations, especially in association with AD (Authorized Dealer) banks.
Preparation and submission of critical FEMA forms like A2 (for import payments), SOFTEX (for software/service exports), GR/SDF (for goods export), and other mandatory RBI filings via AD banks. This includes FC-GPR, FLA, and Annual Performance Reports for foreign investments.
Structuring, monitoring, and approval of inward and outward remittances, ensuring all foreign currency transactions are routed and realized through RBI-recognized AD banks. This includes timely realization of export proceeds and compliance with mandatory reporting timelines.
Coordinating with AD banks for transaction due diligence, regular compliance audits, and periodic checks on documentation for export proceeds, remittances, and import payments.
Ensuring preservation of contracts, invoices, shipment/trade documents, BoE, FIRC, and proof of remittances for AD bank records, audits, and inspections.
Typical Workflow with AD Banks
Initial documentation and KYC with AD bank
File transaction documents (A2, SOFTEX, shipping bills, GR/SDF forms)
Route payments and receipts through AD bank channels
Timely regulatory reporting on RBI portals
Liaise for remittance realization and regulatory queries
Maintain supporting documents and evidence for each transaction
These ODFC FEMA compliance services safeguard export-import houses from penalties and facilitate smooth, audit-ready operations in coordination with AD banks.
