The circular clarifies that Form ECB 1 and Revised Form ECB 1 will be treated as returns that do not capture financial flows, affecting computation of Late Submission Fees (LSF). It provides that each delayed submission of Form ECB 2 under a Loan Registration Number will be treated as a separate instance for LSF calculation. Authorised Dealer Category I banks are required to submit complete returns to the RBI within seven days of receipt from borrowers.