GENERAL/ MISCELLANEOUS CIRCULARS

Policy and Operational Framework for Export and Import Transactions at SVC Cooperative Bank

By TEAM CIRCULAR EXPRESS • 09 Nov 2026

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• This document outlines the standard operational framework for SVC Cooperative Bank customers handling export and import of goods and services under FEMA 23 (R) regulations, effective October 1, 2026.
• It details requirements for Export Declaration Forms (EDF), documentary evidence for software and service exports, and compliance with Foreign Trade Policy (FTP) and RBI guidelines for cross-border transactions.

purpose of issuance

To provide a standard operational framework for handling export and import transactions under the new FEMA 23 (R) regulations.

Most Important Details

The policy applies to all export/import of goods and services, including software and Merchanting Trade Transactions (MTT), effective from October 1, 2026. It mandates valid IEC, PAN, and LEI for exporters and specifies documentary requirements for EDF filing.

Name of Bank

SVC Cooperative Bank Ltd.

is it guidelines or office order

Guidelines

purpose of issue

To ensure compliance with FEMA 23 (R) regulations for cross-border transactions.