Exchange Control Advisory and Compliance Support

Exult Nxt offers a host of specialised services comprising End to end advise on foreign exchange transactions under both current and capital account transaction windows.  Both Foreign and domestic companies are required to comply with reporting requirements related to their FDI / Overseas investments. This includes submitting reports to the Reserve Bank of India (RBI) and ensuring adherence to compliance norms and timelines specified by regulatory authorities. 

In addition, compliance with exchange control provisions may additionally entail approaching the Regulator, viz., the RBI to specifically permit transactions under both current and capital account window.   

We provide advice and support for various current account transactions, including: 

• De-cautioning for exporters 
• Extension of payment timelines for imports of goods and services under FEMA stipulation  
• Regularization of Electronic Data Processing and Monitoring System (EDPMS) and Import Data Processing and Monitoring System (IDPMS) issues 
• Write-off of dues payables / receivables to / from group companies against import/ export of services
• Refund of advances received for export of services beyond the permitted window; 
• Set off advances received against future export  
• Re-imbursement by Indian subsidiary to parent/ group companies beyond 3 years 

• Transactions falling outside the automatic criteria under Capital A/c window, 
• Delayed issuance of equity shares and filings,  
• Regularization of overseas investments by resident individuals/entities,   
• ECB (External Commercial Borrowings) and Transactions deemed as ECB under the International Trade Window,  
• Foreign Company’s Project office activities in India –Single Account operations, Asset disposal, Leasing of assets etc.