Excelsior Correspondent
SRINAGAR, Oct 26: Foreign Exchange Department, Srinagar (Jammu RO) organized customer service meet at RBI here today.
The meeting was inaugurated and chaired by HK Soni, General Manager, FED, Jammu RO. The meeting was attended by senior officials of Customs, Vice President of J&K Bank, senior officials of all the authorized dealers (ADs) operating in the state of Jammu and Kashmir, FFMCs, representatives of other agencies and few Forex customers.
At the outset, Soni informed the house that export transactions are processed and reported through EDPMS system which integrates the system at Customs, SEZs, STPI and all AD banks. He informed the house that Srinagar has become EDI port which will ensure seamless processing and reporting. He also advised officials of AD banks to bestow their personal attention on closing the outstanding export bills where payment has been realized.
RBI has introduced an online application, FIRMS (Foreign Investment Reporting and Management System), which would provide for SMF (Single Master Form). With the implementation of SMF, the reporting of FDI which is presently a two step procedure viz., ARF and FCGPR would be merged into single revised FCGPR.
Prashant Bahl, Manager, FED Srinagar, made a presentation on FIRMS package for customers. Customers shared their experiences and also raised queries which were answered by the RBI/ADs.
The meeting concluded with vote of thanks presented by RL Korotania, OIC Srinagar.
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