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BANK OF MAHARASHTRA CONCURRENT AUDIT 2011-2012 BRANCH_Palasia (INDORE) FOR THE MONTH OF November (2011) REPORT

BANK OF MAHARASHTRA

CONCURRENT AUDIT 2011-2012

REPORT ON FEX BUSINESS

BANK OF MAHARASHTRA CONCURRENT AUDIT 2011-2012 BRANCH_Palasia (INDORE) FOR THE MONTH OF November (2011) REPORT

Overdue Export Bills Negotion / Purchased / Discounted in Rupees & in Foreign Currency

Annexure FEX I

[Pending for more than one month from due date Irrespective of Amount]
Sr. No. Date of Purchase Negotiation / discount Drawer Drawee Amount Due Date Remarks

Rectif B

NIL

Overdue Packing Credits [irrespective of Amount]


Sr. No. Date of Disbursement Name of Account Limit Remarks Rectification by Branch

NIL

NOTE : Under remarks Column provide details as regards. (a) Whether under L/C or (B)Against confirmed order (C)Whether extension sought / received. (D) Follow-up efforts made.(E)Whether appropriate ECGC cover is available. (F) Reasons for remaining outstanding.

Date : 08-12-2011

Signature & Seal of Concurrent Auditor

BANK OF MAHARASHTRA CONCURRENT AUDIT 2011-2012 BRANCH_Palasia (INDORE) FOR THE MONTH OF November (2011) REPORT

Annexure FEX II

Remittance for Imports of USD 1,00,000 - and above made during the month of November 2011 For which bill of entries are due for submission
Date of Payment Our Ref.No. Name of Importer Bill of entry overdue for submission on Remarks by Concurrent Auditor Rectification by Branch Bill of Default Entry Reported in Received BEF to RMO on / RBI on

Whether Reminders Sent NIL Dates

Date : 08-12-2011

Signature & Seal of Concurrent Auditor.

BANK OF MAHARASHTRA CONCURRENT AUDIT 2011-2012 BRANCH_Palasia (INDORE) FOR THE MONTH OF November (2011) REPORT
Annexure FEX III

Details of Advance remittances and Payment of Direct Bills received over USD 1,00,000/Date of Remittance and Our Ref.No. Amount in Foreign Currency Equivalent Indian Rs. Name of Importer Whether Guarantee of Foreign Bank Received on Remarks Rectification by Branch

NIL

Date :08-12-2011

Signature & Seal of Concurrent Auditor.

BANK OF MAHARASHTRA CONCURRENT AUDIT 2011-2012 BRANCH_Palasia (INDORE) FOR THE MONTH OF November (2011) REPORT
Annexure FEX IV

Import L/C Devolved and outstanding on the last day of the month
Date of Devolvement L/C Ref. No. Amount in Foreign Currency Equivalent to Indian [Rs] Name of L/C Applicant Branch where A/c Maintained Remarks Rectification by Branch

NIL

In remarks Column, please give details of Recovery.

Date : 08-12-2011

Signature & Seal of Concurrent Auditor.

BANK OF MAHARASHTRA CONCURRENT AUDIT 2011-2012 BRANCH_Palasia (INDORE) FOR THE MONTH OF November (2011) REPORT
Annexure FEX V

Unaccepted documents under L/Cs outstanding as at the end of month


Bill Ref.No. and Date Amount in Foreign Currency Equivalent Indian [Rs] Name of Importer Sight / Usance due date Whether Document in conformy with L/C terms Remarks

NIL 1. Foreign Bank informed on _____ 2. Whether follow-up with importer. 3. Position of goods.

Date : 08-12-2011

Signature & Seal of Concurrent Auditor.

BANK OF MAHARASHTRA CONCURRENT AUDIT 2011-2012 BRANCH_Palasia (INDORE) FOR THE MONTH OF November (2011) REPORT
Annexure FEX VI

Details of Export Bill Due for crystallization during the month __November_(2011)_
FOBN / FOBP Ref.No. and Date Amount in Foreign Currency Equivalent to Indian [Rs] Name of Exporter N.D.D. Due date of Crystallization Remarks Rectification by Branch

NIL

NOTE : Give details about following in remarks column. 1. 2. 3. Actual date of Crystallization. Reasons for delay / Non-crystallization. Realisation [if received] on. Signature & Seal of Concurrent Auditor.

Date :08-12-2011

BANK OF MAHARASHTRA CONCURRENT AUDIT 2011-2012 BRANCH_Palasia (INDORE) FOR THE MONTH OF November (2011) REPORT
Annexure FEX VII

Instruments [FOBC / FOBP] returned unpaid during the month November__(2011)


FOBC/FOBP Ref.No. and Date of Purchase Total Amount in Foreign Currency Equivalent Indian [Rs] Payee / Encasher Reasons for Return of Instrument Remarks

Re

NIL 1. Recovery effected on ________. 2. If recovered, Reasons. not

Date : 08-12-2011

Signature & Seal of Concurrent Auditor.

BANK OF MAHARASHTRA CONCURRENT AUDIT 2011-2012 BRANCH_Palasia (INDORE) FOR THE MONTH OF November (2011) REPORT
Annexure FEX VIII

Bank Guarantees issued against Counter Guarantee of Foreign Bank during the month
Sr. No. Name of Foreign Bank Beneficiary Amount of Counter Guarantee Amount of BG Date of Expiry Remarks Rectification by Branch

NIL

Expired Bank Guarantees issued against Counter Guarantee of Foreign Bank but not cancelled.
Sr. No. Name of Foreign Bank Beneficiary Amount of Counter Guarantee Amount of BG Date of Expiry Remarks Rectification by Branch

NIL

Date :08-12-2011

Signature & Seal of Concurrent Auditor.

BANK OF MAHARASHTRA CONCURRENT AUDIT 2011-2012 BRANCH_Palasia (INDORE) FOR THE MONTH OF November (2011) REPORT
Annexure FEX IX

TTs paid for which cover not received during the month_November_(2011)
Corresponde nt / Remitting Bank Name TT REF . No. Dat e Paid Amount in Foreign Currenc y Equivalen t Indian [Rs] Nostro Accoun t where funds to be receive d Expecte d value Date of cover funds not received . Remark s Rectificatio n by Branch

NIL

Double Payment of TTs paid for which cover not received during the month of November 2011
Name & Ref.No. of Foreign Bank Cover Received on / value date & Name of Nostro A/c. Date when paid twice and details Recovery effected on Remarks Rectification by Branch

NIL

Date : 08-12-2011

Signature & Seal of Concurrent Auditor.

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BANK OF MAHARASHTRA CONCURRENT AUDIT 2011-2012 BRANCH_Palasia (INDORE) FOR THE MONTH OF November (2011) CERTIFICATE - I
This is to certify that we have conducted concurrent audit of Palasia (INDORE) Branch for the month of November (2011) during which we have verified all export credit transactions of the branch.

REPORT

We further certify that the guarantee fee for the month of November (2011) under WTPCG / WTPSG of ECGC was calculated correctly in respect all eligible borrowal accounts and remitted in time to ECGC.

Date : 08-12-2011

Signature & Seal of Concurrent Auditor.

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BANK OF MAHARASHTRA CONCURRENT AUDIT 2011-2012 BRANCH_Palasia (INDORE) FOR THE MONTH OF November (2011)
(FORMAT Q 2)

REPORT

CERTIFICATE - II
We hereby certify that we have undertaken verification of Outward remittance, Import and Export transactions undertaken by Palasia (Indore) branch during the month ended on 30th November 2011 and further certify : 1. 100% verification and correctness of ALL the A1/A2 forms. 2. 100 % verification has been done in respect of Bills of Entries submitted by Importers during the month, and the follow-up made by the Palasia Centre in respect of ALL import remittance transactions is in conformity with R.B.I. and Banks guidelines. 3. Applications for all remittances BELOW USD 5000/- contain adequate details as required under AP(DIR) Cir. No. 55 Dt. 23.12.03. 4. All the export bills realized during the month have been checked and the endorsements thereof on the respective GR/PP/Softex and Exchange Control Copies / SDFs have been verified and further certified that the remittances representing realization have been correctly co-related and that the nonrealisation / short-realisation allowed thereof is within the delegated powers of the A.D. ( As per AP(DIR) Cir. No. 21 Dt. 16.09.02.) 5. That all the Import / Export / Remittance transactions during the month under report, as stated above, have been carried out in conformity with FEMA provisions / Banks guidelines and that due diligence has been carried out while undertaking them in terms of RBI / know your customer guidelines. 6. Credit for Non -Trade Inward Remittance has been given to Customers A/c without undue delay as per AP (DIR Series) Cir.28 dated 30.12.2000.

Date :08-12-2011 Concurrent Auditor

Signature & Seal of

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