RBI/2018-2019/145 A.P. (DIR Series) Circular No. 25

A.P. (DIR Series) Circular· A.P. (DIR Series) Circular No. 25· issued 20 Mar 2019taggednot amendingOfficial source page →

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RBI/2018-2019/145 A.P. (DIR Series) Circular No. 25 March 20, 2019 To, All Authorised Dealers in Foreign Exchange Madam / Sir, Compilation of R-Returns: Reporting under FETERS Attention of Authorised Dealer (Category I) banks is invited to A.P. (DIR Series) Circular No.84 dated February 29, 2012 , A.P. (DIR Series) Circular No.15 dated July 28, 2014 and A.P (DIR Series) Circular No.50 dated February 11, 2016 giving guidelines for compilation of R-Returns for reporting under the Foreign Exchange Transactions Electronic Reporting System (FETERS). 2. In order to facilitate compilation of estimates of bilateral trade in services, it has been decided to incorporate an additional field for capturing the country code of ultimate exporter/importer in the BoP file-format under FETERS. In case of export of services, bank may use the transaction information available with them to report country-code of the ultimate exporting country, whereas Form-A2 is being revised here for capturing the required country information for import of services. 3. The details of the additional field is as follows: i. BoP file-format under FETERS Field | Format | Remarks Country Code (SWIFT Code) of ultimate exporter/importer | Char(2) | To be added at the end of BOP file format ii. Form A2 - If payment is for import of services (Purpose Group Nos. 02, 03, 05, 06, 07, 08, 09 10, 11, 15, 16 or 17), please indicate: "Name of the country providing ultimate services:................." The Form A2 (revised) and the file format (revised) of the BOP file for reporting under FETERS are given in Annex I and Annex II , respectively. 4. The revised format is for reporting of R-Returns on fortnightly basis (15th and end-month) for forex transactions performed w.e.f. April 01, 2019. AD Banks should make the required changes in their work-flows and information systems to capture the required additional data accordingly to comply with the guidelines. 5. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (Ajay Kumar Misra) Chief General Manager -in -Charge

Files

APDIR25ANN200319_1.pdf

primary · application/pdf · 57 KB · 2 pp

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Annex I
FORM A2
(To be completed by the applicant)
(For payments other
than imports of
goods and
remittances
covering
intermediary trade)
Application for
Remittance Abroad

AD Code No.__________________________
Form No._____________________________
             (To be filled in by the Authorised Dealer)
Currency_____ Amount ___Equivalent to Rs. _______
             (To be completed by the Authorised Dealer)

I/We _____________________________________________________________
                                      (Name of applicant remitter)
PAN No. __________________________________________________________

Address___________________________________________________________

authorize
__________________________________________________________________
                                      (Name of AD branch)
To debit my Savings Bank/ Current/ RFC/ EEFC A/c. No. ____________________
together with their charges and
*  a) Issue a draft: Beneficiary's Name     _________________________________
                                                    Address _________________________________
*  b) Effect the foreign exchange remittance directly –
        1)  Beneficiary's Name                      __________________________________
        2)  Name and address of the bank   __________________________________
        3)  Account No.                                 __________________________________
*  c) Issue travellers cheques for               __________________________________
*  d) Issue foreign currency notes for        __________________________________
         Amount (specify currency)                __________________________________
* (Strike out whichever is not applicable) for the purpose/s indicated below
2) To be filled in by residents only if the remittance is made under LRS
Sr.
No.
Whether under LRS
(Yes/No)
Purpose Code
Description

(3)  Payment for import of services (Purpose Group Nos. 02, 03, 05, 06, 07, 08, 09
10, 11, 15, 16 or 17), please indicate:

“Name of the country providing ultimate services: …………….”
(Remitter should put a tick (√) against an appropriate purpose code.  In case of doubt/
difficulty, the AD bank should be consulted).

Declaration
(Under FEMA 1999)
1. I, ………………. …………(Name), hereby declare that the total amount of foreign
exchange purchased from or remitted through, all sources in India during the
financial year including this application is as per the extant FEMA Regulations and
certify that the source of funds for making the said remittance belongs to me and the
foreign exchange will not be used for prohibited purposes / Foreign exchange
purchased from you is for the purpose indicated above.

Details of the remittances made/transactions effected under the Liberalised
Remittance Scheme in the current Financial Year (April-March)…………

Sr.
No.
Date
Amount
Name and address of AD branch/FFMC through
which the transaction has been effected

Signature of the applicant

(Name)
Date:

Certificate by the Authorised Dealer
This is to certify that the remittance is not being made by/ to ineligible entities and that
the remittance is in conformity with the instructions issued by the Reserve Bank from
time to time under the Scheme.

Name and designation of the authorised official:
Stamp and seal

Signature:
Date:

APDIR25ANN200319_2.pdf

application/pdf · 14 KB · 1 pp

Text read out of this file

Annex II
FETERS File Layouts
1. BANKCODE_BOP6.TXT relating to transactions involving sale and purchase of foreign
exchange (excluding inter-office, inter-bank, RBI transactions) during the reporting fortnight

Field
Format
Remarks
AD Code
Char (7)
BSR Part-1 Uniform
Code
Fortnight-end Date
YYYYMMDD
Transaction Date
YYYYMMDD Valid date within
fortnight
Serial No.
Num. (4)

Purpose Code
Char (5)
Purpose code starting
with P/S (Part A/B of
Annex I)
Country Code
Char (2)
SWIFT code
Currency Code
Char (3)
SWIFT code
Amount [in Foreign Currency (FC)]
Num. (15)

Date of Shipment
YYYYMMDD
LC
char (1)
1 for Yes; 0 for No
Country of Vostro a/c Holder
char (2)
SWIFT code
Country Code of ultimate
exporter/importer
 Char (2)
 SWIFT Code

2. BANKCODE_QE.TXT for Cover Page Totals

Field
Format
Remarks
A.D. Code
Char (7)

Fortnight-end date
YYYYMMDD

Serial Number
Num. (4)

Purpose Code
Char (5)
As per Part C of Annex I
Country of Vostro A/c holder
Char (2)

Currency
Char (3)

Amount in Currency
Num. (15)

Return (Vostro/Nostro)
Char (1)
V for Vostro; N for Nostro

Relates to

Central Goods and Services Tax Act, 2017references
Depositories Act, 1996references
Foreign Exchange Management Act, 1999references
Goods and Services Tax (Compensation to States) Act, 2017references
Income-tax Act, 1961references
Income-tax Act, 2025references
Integrated Goods and Services Tax Act, 2017references
Securities Contracts (Regulation) Act, 1956references
Securities and Exchange Board of India Act, 1992references
The Companies Act, 2013references
Union Territory Goods and Services Tax Act, 2017references

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