What is irm outstanding report?
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Answer # 1 #
Typically, when the home bank is satisfied with the documents will generate an Inward remittance (IRM) on the government export portal (EDPMS), and the IRM number is referred to further as E-FIRC number. outstanding inward remittances received for export of goods / software to EDPMS. Which bank will report IRM in EDPMS? Below is a tabular representation of how IRM will be reported in EDPMS: Scenario, Ownership to report IRM in EDPMS*. Liberalised Remittance Scheme (LRS)-Daily Reporting of Transaction. AD category – I banks were, however, required to report the old outstanding bills prior to March 01, 2014 in XOS on half yearly basis as at the end. If your transaction falls under the reporting of EDPMS, your transaction is eligible.
