• Fri. Nov 22nd, 2024

Late Submission Fee for reporting delays under Foreign Exchange Management Act, 1999 (FEMA)

Byadmin

Oct 1, 2022 #RBI

The Late Submission Fee (LSF) was introduced for reporting delays in Foreign Investment (FI), External Commercial Borrowings (ECBs) and Overseas Investment related transactions with effect from November 07, 2017, January 16, 2019 and August 22, 2022 respectively. It has now been decided to bring uniformity in imposition of LSF across functions. The following matrix shall be used henceforth for calculation of LSF, wherever applicable :

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Notification : https://www.dropbox.com/s/inxs5tamwe5fszq/Late%20Submission%20Fee%20for%20reporting%20delays%20under%20Foreign%20Exchange%20Management%20Act%2C%201999%20%28FEMA%29.pdf?dl=0

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