Module 6

Reconciliation with the AD bank

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Got your FIRA? Your Export Isn't Compliant Yet

9 months to get paid

Export Compliance in India, End to End

Import Payments in India, End to End

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6.1 Why entries stay open

FIRA/e-FIRA means money arrived. The EDPMS entry closes only when the AD bank links the receipt to the Shipping Bill. The AD bank closes EDPMS and IDPMS entries.

6.2 The statement check

Upload the AD bank's outstanding list (CSV/Excel). Rows are sorted into four groups. Growth and above.

6.3 The four groups

Meanings below are read from the group names and are TO BE CONFIRMED by the product team.

6.4 Settlement letter for IDPMS/EDPMS

Generated from the matched record, for the AD bank.

6.5 Closure and records-update request

It covers bank charges, write-off, discount, reduction and self-declared closure up to Rs 10 lakh.

6.6 The Rs 10 lakh closure test

It is tested on the full bill value, not the open amount. There is an IDPMS closure declaration for a BoE up to Rs 10 lakh under the 2026 Regulations.

6.7 Two different Rs 10 lakh tests

Never merge them.

6.8 Export extension request letter

It covers export realisation only.

6.9 Keeping the trail

XOS, Import Outstanding Statement, the extensions/write-offs/reductions report and the audit trail.

6.10 Who decides

FxLayer prepares the letters and requests. The AD bank decides and closes.

General information. Confirm with your AD bank or CA.

Do

The training sandbox uses sample records. Nothing you do there reaches a bank, DGFT, ICEGATE or any outside system.

  1. Create a fictitious Shipping Bill with money pending and a due date that is within 60 days or has passed. The export deadline calculator on the site helps you pick dates.
  2. Generate the extension request letter.
  3. Record a fictitious AD-bank extension date and confirm that it replaces the due date.
  4. BoE-1: full value up to Rs 10 lakh (for example Rs 8,00,000). Generate the IDPMS closure declaration.
  5. BoE-2: full value above Rs 10 lakh (for example Rs 14,00,000), with a small open amount caused by bank charges. Generate the closure and records-update request for bank charges.
  6. Write two lines on why self-declared closure up to Rs 10 lakh does not apply to BoE-2.
  7. Take the Academy's fictitious sample outstanding list (PROPOSED; to be prepared). Edit two rows to carry your own fictitious Shipping Bill and BoE numbers. Never use a real bank list.
  8. Upload it to the statement check and review the four groups.
  9. *Fallback:* sort the sample rows by hand against your registers into the four groups.
  10. Write one next action for each group.

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