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Corporate Laws Central Ministry of Finance Foreign Exchange Management Act, 1999

CIMS Project implementation - Discontinuation of submission in legacy XBRL

22-Dec-2023 | RBI/2023-2024/94 A.P. (DIR Series) Circular No.12

Reserve Bank of India has issued a circular on implementation of CIMS Project with respect to Discontinuation of submission in legacy XBRL.

By virtue of this notification:-

i) Statement on half yearly basis (end March/end September) showing the quantity and value of gold imported by the nominated banks/ agencies/ EOUs/ SEZs in Gem & Jewellery sector, mode of payment-wise,and

ii) Statement on monthly basis showing the quantity and value of gold imports by the nominated agencies (other than the nominated banks)/ EOUs/ SEZs in Gem & Jewellery sector during the month under report as well as the cumulative position as at the end of the said month beginning from the 1st month of the Financial Year.

with effect from December 26, 2023, the submission of both the returns mentioned above through the XBRL site will be discontinued and shifted to the Centralised Information Management System (CIMS), which is the Bank's new data warehouse.

1. AD Category-I banks have already been onboarded on CIMS portal, and are currently submitting both the returns on XBRL site as well as CIMS portal.
The LRS monthly return and LRS daily return have been assigned return codes- 'R089' and 'R010' respectively on CIMS portal.

2. Accordingly, AD Category-I banks shall upload the LRS monthly return on or before fifth of the succeeding month commencing from the reporting month of December 2023, and LRS daily return from December 26, 2023 onwards on the next working day on CIMS portal (URL: https://sankalan.rbi.org.in). In case no data is to be furnished, AD Category-I banks shall upload a 'NIL' report.

3. AD Category-I banks may bring the contents of this circular to the notice of their constituents.

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