Import-heavy businesses carry open bills of entry and shipping bills for years because nobody owns the match between customs, the bank and the books. Finance OS keeps imports and exports checked against the books.
Imports and exports
- Bills of entry with an ICEGATE check, matched to purchases and payments.
- Exports, LUTs and export proceeds tracked against invoices.
- Exchange differences calculated and posted, with foreign-currency revaluation in the books.
- Nothing is filed, paid or sent from here; it prepares the evidence your AD bank asks for.
FEMA timelines
Under the FEMA Export and Import Regulations 2026, export proceeds are due in nine months (twelve if invoiced in rupees) and import payments follow the contract. The compliance calendar and the free FEMA due-date tracker show what is ageing.
Related: closing EDPMS and IDPMS entries, customs duty calculator, FEMA reporting due dates.
Common questions
Does it connect to IDPMS or EDPMS?
No. Those portals are run by banks. Finance OS keeps your bills of entry, shipping bills and remittances matched in the books so you can give your AD bank a clean closure file.
Does it handle foreign-currency revaluation?
Yes. Foreign-currency balances are revalued and exchange differences posted in the books.