Get Flm 8 For Ads Cat-ii Summary Statement Of Purchases And Sale Of

The FLM 8 For ADs Cat-II Summary Statement Of Purchases And Sale Of is an essential document for Authorized Dealers to report transactions involving foreign currency notes. This guide provides a clear and structured approach to completing the form online, ensuring compliance and accuracy in your submissions.

Follow the steps to accurately complete the FLM 8 form online.

1. Click the ‘Get Form’ button to access the FLM 8 form and open it in your preferred editing software.
2. Begin by filling in the name and address of the Authorized Dealer in the designated section. Ensure that you use the complete and correct information for accurate reporting.
3. Enter your RBI Licence number in the specified field to validate your authorization to conduct these transactions.
4. In section A, provide the opening balance of foreign currency notes. This is the amount you had at the beginning of the reporting month.
5. Next, list the purchases of foreign currency notes under section B, detailing transactions from the public, RMCs/FFMCs/ADs, and agents or franchisees individually. Total the purchases in the field provided.
6. Move on to section C where you will input the total sales of foreign currency notes. Be thorough in distinguishing between various purposes such as business visits, medical treatments abroad, and education fees. Each type of transaction has specific codes; ensure to use them correctly.
7. After entering all necessary details for sales, calculate and enter the total sales amount in the provided field.
8. Finally, compute the closing balance using the formula A + B - C and input that figure. This represents the closing balance of your foreign currency notes.
9. Review all entries for accuracy, then finalize the document with your signature, name, designation, and date of certification in the designated section. Also, apply your official stamp.
10. Save your changes to the document. You may also download, print, or share the completed FLM 8 form as needed.

Complete your FLM 8 form online today to ensure timely and accurate reporting of your transactions.