Om Exim Group

13/08/2026

📢 *Draft SOP for Reporting of Inward Remittance Messages (IRMs) – NBFC Factors*

The DGFT has issued a *Draft Trade Notice* inviting comments and suggestions on the proposed Standard Operating Procedure (SOP) for reporting IRMs pertaining to *NBFC Factors*.

🔹 *Key Highlights:*

* NBFC Factors will use the SWIFT message text *'AD-AD(P0092) EXP FACTORING PROCEED”* while remitting factoring proceeds in foreign currency to AD-I Banks.
* AD-I Banks should *not create IRMs* against FCY funds received from Factors where the prescribed SWIFT identification is used.
* Where export bills are discounted and funds are released in *INR*, customers should approach the *Factors directly* for creation of IRMs.
* AD-III entities/factoring agencies must follow the prescribed process and correctly identify factoring-related transactions.
* Exporters will be able to view such IRMs on the *DGFT portal* and self-certify their eBRCs by matching remittance details with the relevant Invoice/Shipping Bill.
* Stakeholders can provide feedback at *[[email protected]](mailto:[email protected])*.
* DGFT User Manuals are available under *Learn → Application Help and FAQs → eBRC*.

📌 *Stakeholders are encouraged to review the Draft SOP and submit their comments/suggestions to DGFT.*

12/08/2026

10/08/2026

📢 *DGFT UPDATE | Change in Implementing Agency for Interest Subvention Support*

The *Directorate General of Foreign Trade (DGFT)* has announced an important institutional transition under the *Export Promotion Mission (EPM) – Niryat Protsahan* scheme.

🔹 *Key Updates:*

• The Implementing Agency for *Interest Subvention Support on Pre- and Post-Shipment Export Credit* is being transitioned from *Reserve Bank of India (RBI)* to *Export-Import Bank of India (EXIM Bank)*.

• The transition is *effective from 1 April 2026*.

• From 1 April 2026 onwards, *EXIM Bank* will handle:

* Operationalisation of the framework
* Portal management
* Verification of claims
* Claim settlement workflows

• *Legacy claims for the January–March 2026 quarter* will continue to be processed by *RBI*.

• Lending institutions will continue to sanction and disburse export credit as per the applicable *RBI Consolidated Directions on Credit Facilities*.

• Eligible MSME exporters will continue to receive the *interest subvention benefit upfront* through the lending institution.

• Banks will now submit reimbursement claims to *EXIM Bank*, duly certified by the external auditor.

• Reimbursement to banks will continue to be made *monthly*, limited to the actual interest subvention extended to eligible exporters.

• EXIM Bank will scrutinize *IEC-specific claims* to ensure they remain within the prescribed annual subvention ceiling.

• After verification, EXIM Bank will submit consolidated fund claims to *DGFT through the designated portal*.

📌 *Important:*
All other operational provisions prescribed under the earlier Trade Notices will *remain unchanged*.

📄 *Reference:* DGFT Trade Notice No. 17/2026-27 dated *7 August 2026*.

🔔 *Exporters & MSMEs:* This transition is important for banks, lending institutions and eligible MSME exporters availing interest subvention support under EPM – Niryat Protsahan.

10/08/2026

📦 *CBIC SOP FOR CLEARANCE OF IMPORTED GOODS THROUGH FOREIGN POST OFFICES (FPOs)*

The *CBIC has issued Circular No. 35/2026-Customs dated 6 August 2026*, prescribing a Standard Operating Procedure (SOP) for the clearance of *personal imported goods through Foreign Post Offices (FPOs)* under the *Postal Import Regulations, 2025*.

🔹 *Key Highlights:*

• *Technology-driven & risk-based clearance*
CBIC has introduced the *FPO Import Application* to facilitate Customs assessment and clearance of personal postal imports.

• *RMS Integration*
The FPO Import Application is integrated with the *Risk Management System (RMS)* for automated risk assessment and system-based facilitation.

• *FPOs Covered*
The application is operational at:
➡️ Bengaluru
➡️ Kochi
➡️ Mumbai FPO
➡️ APSO Mumbai
➡️ Kolkata
➡️ Ahmedabad
➡️ Chennai
➡️ Delhi

• *Electronic Presentation of Postal Articles*
Postal Authorities will electronically present the list of imported postal articles along with the articles to the proper Customs officer on arrival at the FPO.

• *Risk-Based Assessment & Examination*
Where Electronic Advance Data (EAD) is available, assessment may be undertaken before arrival based on RMS instructions.

• *Physical Examination*
Physical examination will generally be restricted to articles selected by RMS or identified due to intelligence, regulatory requirements or discrepancies.

• *Document Call Letter (D-Call Letter)*
If additional documents or information are required, Customs may issue a D-Call Letter electronically through the FPO Import Application.

• *Consolidated Queries*
Queries should be specific, relevant and, as far as practicable, consolidated into a single communication. Repeated or piecemeal document requests should ordinarily be avoided.

• *30-Day Response Period*
If no response is received within *30 days* of receipt of the D-Call Letter, or the information provided is inadequate, Customs may proceed with assessment based on the available declaration and records.

• *Electronic Clearance Order*
After completion of assessment and Customs formalities, the clearance order will be issued through the FPO Import Application and communicated electronically to the Postal Authority.

• *Duty Payment Before Delivery*
Postal articles should not be delivered unless the Customs clearance order has been issued and applicable Customs duty has been paid or realised as prescribed.

⚠️ *Important:*
The above SOP applies to *personal imported goods* processed through FPOs. *Non-personal/commercial imported goods* will continue to be governed by the existing procedure under *Circular No. 14/2018-Customs dated 04.06.2018*.

📌 *Reference:*
CBIC Circular No. 35/2026-Customs
F. No. 456/02/2025-Cus.V
Dated: *06 August 2026*