Reserve Bank of India 🇮🇳 Sr. Description of Service Time 1. EXTERNAL COMMERCIAL BORROWING (ECB) / FOREIGN CURRENCY CONVERTIBLE BONDS (FCCB) Trade Credit under approval route 7 working days Approval for deviation from the extant framework for ECBs already availed under automatic route 15 working days ECB - under approval route (excluding those under the powers of the Empowered Committee) 30 working days 2. FOREIGN INVESTMENT Foreign Direct Investment:
References/clarifications/approvals sought under extant FDI Rules/ regulations (should be invariably routed through AD banks)30 working days References relating to reporting received from AD branches / individuals/ companies - 15 working days 3 INDIAN INVESTMENT ABROAD Investment in Overseas Joint Ventures and Wholly Owned Subsidiaries (not covered by automatic route) 40 working days Disinvestment of shares in Overseas Joint Ventures/ Subsidiaries - under approval route 40 working days Other Overseas Investment under approval route 40 working days Allotment of Unique Identification Number (UIN) Instantly auto generated by the online reporting system 4 EXPORTS Permission for waiving GR Form formalities for exports@ 07 working days Set Off / Write Off@ 07 working days Export receivables / payables outside ACU mechanism@ 07 working days Refund / retention of advance@ 07 working days Resolution of I/EDPMS issues@ 07 working days 5. IMPORTS Direct imports@ 07 working days Third country / Merchanting trade / Warehousing@ 07 working days Import receivables / payables outside ACU mechanism@ 07 working days 6 OTHERS Compounding of contraventions of FEMA 180 days @ The timelines stipulated pertain to disposal of cases at the Regional Offices (ROs). In respect of cases not falling within the delegated powers of AD bank/ RO and referred to Central Office (CO), the time taken for providing the service will be 20 working days from the date of receipt of application along with complete information/documents at CO. Cases involving policy issues will not be covered within these timelines.
Disclaimer -
The stipulated timelines are subject to receipt of the complete set of requisite documents for the necessary approval.
The stipulated timelines are not applicable for cases wherever an approval/no-objection/inputs/comments due diligence reports are required/sought from the Government and/or other external agencies, under FEMA, 1999 or Rules/Regulations thereunder or for other specific reason(s) and those referred to Empowered Committee for approval.
