Regulatory Alerts2015-02-05
Added · Updated
FEPD Circular No. 01: Reporting procedures against payment in foreign currency by EPZ enterprises
Authorized Dealers (ADs) of Export Processing Zone (EPZ) enterprises must report import transactions from Non-EPZ entities using monthly schedule E-2 under Statement-10, or Statement-11 for Offshore Banking Units (OBU). This reporting requires mentioning the number of concerned EXP Forms associated with the foreign currency payments. The revised procedure applies to online web portal reporting and covers transactions between EPZ enterprises and intra-EPZ enterprises, while usual reporting procedures for imports from abroad remain unchanged.
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