Quiz · Module 6

Reconciliation with the AD bank

8 questions. The pass mark is 6 of 8, which is 70% rounded up. You can retake it.

Question 1

A Shipping Bill's due date is 50 days away and the payment is still pending. Is the extension request letter available?

A) No, only after the due date has passed B) Yes. It is offered once the due date is within 60 days or has passed and money is pending C) No, only when 45 days remain D) Only after the bank's list is uploaded

Question 2

An import client is late paying a supplier and asks you to generate an extension letter for the import from the platform. What is correct?

A) Use the export letter and change the heading B) Generate it from the BoE register C) The extension request letter covers export realisation only. Take the import question to the AD bank or CA D) Generate it from the merchanting module

Question 3

A BoE shows a small open amount because bank charges were deducted. Which document do you prepare for the AD bank?

A) Closure and records-update request, citing bank charges B) Export extension request letter C) Form A2 D) Disposal instruction

Question 4

A BoE has a full value of Rs 14 lakh, and Rs 60,000 is still open. A colleague says, "The open amount is under Rs 10 lakh, so we can self-declare closure." What is correct?

A) Correct, the open amount is what counts B) Correct, if the bank charges are under Rs 10 lakh C) Correct, for any BoE in a free workspace D) Not correct. The test is on the full bill value, which is above Rs 10 lakh

Question 5

Which statement about the Rs 10 lakh tests is correct?

A) There is one Rs 10 lakh test and it applies everywhere B) They are two separate tests. The deemed services-EDF test looks at the inward remittance for that service; the self-declared closure test looks at the full bill value C) Both tests look at the open amount D) Both tests apply only to merchanting

Question 6

What do you upload for the statement check, and what comes back?

A) The eBRC file; two groups B) The SWIFT copy; a closure certificate C) The AD bank's outstanding list (CSV/Excel); rows sorted into close at bank, follow up, missing from register and not at bank D) The Shipping Bill PDF; a FIRA

Question 7

After the statement check, one row from the bank's list has no matching record in your workspace. Which group would you expect it in?

A) Missing from register B) Close at bank C) Not at bank D) Follow up

Question 8

An export receipt is recorded and linked in the workspace, and the e-FIRA is on file. The bank's list still shows the Shipping Bill as outstanding. What is the most likely position?

A) The workspace record is wrong and must be deleted B) The eBRC closes it automatically C) FxLayer will close the entry overnight D) The AD bank has not yet linked the receipt to the Shipping Bill in EDPMS. Follow up with the bank, which is the one that closes the entry

General information. Confirm with your AD bank or CA.