Firms not involved in gazetted activities during the reporting period must declare their status through the DNFBP portal, selecting the "Declaration of Non-Applicability" option. This applies to dormant firms, newly established entities, or firms winding down operations. A firm that does not submit a DCR nor declare its non-applicable status could face regulatory scrutiny, as non-compliance with the DCR requirement carries enforcement actions.

To ensure a smooth DCR submission, firms can adopt key strategies, such as standardizing data collection, training compliance teams on evolving guidelines, utilizing self-assessment tools, and leveraging technology for efficient client screening.