BEF

[Paragraph 7A.20(v)]
Name and address of AD branch _______________ Name of Controlling Office of AD branch _______________

Statement showing details of remittances effected towards import in respect of
which documentary evidence of import has not been submitted by the importers
despite reminders

Statement for the quarter ended ……………………………….. 19....
NOTES:
i) Details of transactions where the value of import (i.e. amount of remittance) does not
exceed Rs.3,00,000 or its equivalent need not be included in the statement to RBI. Such
cases should be vigorously followed up by the authorised dealers themselves. The
Controlling Office of authorised dealer under which the branch is functioning should ensure
and satisfy that the branch has been effectively following up such cases. A 'Special Report'
of cases where in spite of vigorous follow up, the documentary evidence is not submitted by
the importer should be submitted to Reserve Bank separately giving full details of
transactions for further action.
ii) The statement should include details of all remittances from India or payments from abroad
in connection with imports, including advance payments, delayed payments, etc.
irrespective of the source of funding (i.e. EEFC accounts/foreign currency accounts
maintained in India and abroad, payments out of external commercial borrowing, foreign
investments in the shares of importers etc.)
iii
)
The cases reported in Part I of statement for the previous quarter should not be reported
again in Part I of the statement for the current quarter.
iv
)
In case no transaction is required to be reported a 'NIL' statement should be submitted to
RBI.
v) Statement should be submitted to RBI within 15 days from the end of the quarter.
Part I: Information regarding importers who have defaulted in
submission of the documentary evidence of import
Sr.
No.
Importer/ Exporter
Code No.
Name and address of importer
No. and date of Import
Licence, if any
Brief description of goods
Date of remittance/ payment
Currency & Amount
Rupee Equivalent
Remarks
1 2 3 4 5 6 7 8 9
A. Particulars of imports made by persons/parties other
than Public Sector Undertakings/Government departments
1.
2.
3.
4.
etc.
B.
1.
Particulars of imports made by Public Sector
Undertaking/Government Departments
2.
3.
4.
etc.
Part II: Information regarding subsequent receipt of Exchange Control copy of
Bills
of Entry for Home Consumption/Postal/Courier Wrappers from importers
whose names were reported in Part I of earlier BEF statement/s as defaulters.
Name and Amount of remittance Remarks
address of
importer
Quarter of the BEF
statement and Serial
No. of the transaction
reported earlier in
part I of BEF statement
Date of receipt
of Bill of Entry/
postal/courier
wrapper
Currency
& Amount
Rupee
equivalent
1 2 3 4 5 6
A. Parties other than Public Sector
Undertakings/Government Departments
1.
2.
3.
--------------------------------------------------------------------------------------------------------------------------------------------
B. Public Sector Undertakings/Government
Departments
1.
2.
3.
Note: The transaction reported in Part II of BEF statement of earlier quarter
should not be repeated in Part II of the current quarter
C E R T I F I C A T E
i) We certify that the particulars furnished above are true and correct as per our records.
ii) We further certify that the statement includes all cases which are required to be reported
to Reserve Bank under the prescribed procedure. Other transactions have been reported
to our Controlling Office.
iii) We undertake to continue to pursue the cases with the importers reported in Part I of the
statement.
Place : ___________ .........................................................
Date : ___________ Stamp (Signature of the Authorised
Official)
Name : ____________________________
Designation : ____________________________