RBI vide circular dated September 30, 2022 has clarified that the following matrix shall be used henceforth for calculation of Late Submission Fee for delays in filing corresponding FEMA returns:
- Form ODI Part-II/ APR, FCGPR (B), FLA Returns, Form OPI, evidence of investment or any other return which does not capture flows or any other periodical reporting – 7500.
- FC-GPR, FCTRS, Form ESOP, Form LLP(I), Form LLP(II), Form CN, Form DI, Form InVi, Form ODI-Part I, Form ODI-Part III, Form FC, Form ECB, Form ECB-2, Revised Form ECB or any other return which captures flows or returns which capture reporting of non-fund transactions or any other transactional reporting- [7500 + (0.025% × A × n)]
The new matrix shall come into effect immediately for the delayed filings made on or after the date of this circular.
