Instruction No.113
F.
No. K. 43014(15)/2/2017-SEZ
Government of India
Ministry of Commerce & Industry
Department of Commerce
SEZ
Divisioon
Vanijya Bhawan, New Delhi,
Dated the 14th July, 2023
To,
All Development Commissioners of SEZs
Subject: Reducing Compliance Burden regarding SOFTEX Forms -reg
Sir,
I am directed to state that SOFTEX is the mechanism of RBI which ensures collection of data on exports for statistical and monitoring purpose. To this end, reference is drawn to RBI Guidelines (copy enclosed) on reporting on foreign exchange transactions through FETERS system by uS1ng specific purpose codes based on the nature of transactions.
2. In case of SEZ units, the SOFTEX Form is being submitted online through SEZ-Online portal by the services units and thereafter, based on the approval of the office of Development CommisS1oners (DC) further submitted to RBI.
3. Instances have come to the notice that SEZ units are submitting the physical copies of invoices and in some cases, even physical copies of SOFTEX forms for verification to DC office despite the same is being filed online digitally. It is also noted that in case of units in STP1, the practice of submitting physical copies of SOFTEX and invoices has been dispensed away.
4. Accordingly, as a measure of enhancing ease of doing business, it has been decided to dispense with the practice of submitting physical copies of SOFTEX and invoices by SEZ units. As such, for the purpose of verification, any document including relevant invoices may be obtained electronically from the units with the approval of DC. In exceptional cases, where there is a need for more detailed verification, DC may permit seeking sample copies of relevant invoices in physical mode, on a case-to-case basis.
5. This issues with the approval of the competent authority.
Yours Sincerely
(Sumit Kumar Sachan)
Under
Secretary to the Govt, of India
Tel.
23039829
e-mail: sumit.sachan@nic.in
Copy for information to:
Sh.
Md. Moin Afaque, Deputy Director General of Foreign Trade
EG&TF DiviS1on,
DGFT(HQ), Vanijya Bhawan.
| RBI/2011-12/413 A.P. (DIR Series) Circular No. 84 |
February 29, 2012 |
To
All Authorised Dealers in Foreign Exchange
Madam / S1r,
compilation of R-Returns: Reporting under FETERS
Attention of Authorised Dealer (Category I) banks is invited to A.P.fDIR Series) Circular No.77 dated March 13, 2004 giving guidelines for compilation of R-Returns and reporting under the Foreign Exchange Transactions - Electronic Reporting System (FETERS), and also the A.P.fDIR Series) Circular No. 30 dated February 25, 2008 on the move from the system of 'branch-wise' reporting to 'bank-wise' reporting under the FETERS.
2. Several subsequent developments have necessitated further modifications in FETERS, These include:
a) The Working Group on Balance of Payments (BoP) Manual for India (Chairman: Shri Deepak Mohanty) constituted by the Reserve Bank reviewed, inter alia, the existing methodology for compilation of India's BoP with a view to making it consistent with the guidelines contained in the sixth edition of Balance of Payments and International Investment Position Manual (BPM6) of the International Monetary Fund (IMF). The Working Group made several recommendations for improving the present compilation procedure as well as presentation of India's BoP statistics conforming to international best practices.
b) With the transition to core banking system (CBS), move to complete transaction reporting is warranted instead of relying on the unclasS1fied receipts survey (URS) for purpose-wise distribution of the consolidated amount under non-export receipts below a threshold.
c) Directorate General of Systems (Customs and Central Excise), Govt.of India now issues 6-digit port-code as per UNLOCODE scheme in place of 2-digit port-code earlier issued by RBI.
3. In view of the above, the following changes shall be effected in reporting of R-Returns from the next financial year {i.e., transactions taking place from April 1, 2012):
i) The purpose codes for classification and reporting of foreign exchange transactions in FETERS should be as per the revised clasS1fication. Accordingly, all AD category-l banks are advised to report all foreign exchange transactions as per the revised purpose code list with effect from first fortnight of April 2012 as per the attached guidelines.
ii) AD banks may indicate purpose codes for all foreign exchange transactions (including receipts under non-export transactions below Rs. 5 lakhs) under FETERS. The present system of reporting of non-export transactions below Rs. 5 lakhs (a) on a consolidated basis in BoP file and (b) submission of purpose-wise distribution of a sample of such small receipt transactions (as part of R-retum in the URS file under FETERS), will be discontinued for transactions beyond March 31, 2012.
iii) The amount field in all FETERS files will be increased to 15-digit format.
iv) 6-digit port code will be used uniformly for reporting under FETERS.
4. The revised Guidelines for submission of Data under the FETERS are attached herewith.
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,
(Rashmi
Fauzdar)
Chief General Manager
Guidelines for submission of Data:
Foreign Exchange Transactions Electronic
Reporting System (FETERS)
Nodal offices of Authorised Dealer (AD) banks are required to report purpose, country, currency and other details of their foreign exchange sale and purchase transactions in Foreign Exchange Transaction Electronic Reporting System (FETERS) to the Reserve Bank on a fortnightly basis in the prescribed format Since October 1997. These are primarily required for compilation of India's Balance of Payments (BoP) statistics as per international guidelines given by the International Monetary Fund (IMF), and other policy making by the Reserve Bank and are also used for other macroeconomic management purposes. With the Signing of General Agreement on Trade in Services (GATS) under World Trade Organisation (WTO), the member countries are required to disseminate the data on international trade in services as per Manual on Statistics on International Trade in Services (MSITS). Accordingly, detailed BoP statistics is released on a quarterly basis and BoP for services is released on a monthly basis.
In order to meet the requirement of compilation of BoP Statistics as per the guidelines under the Balance of Payments and International Investment PoS1tion Manual (6th edition) (BPM6) of the IMF, the scope of collection of data on foreign exchange transactions has to be widened. The Working Group on Balance of Payments Manual for India (Chairman: Shri Deepak Mohanty) constituted by the Reserve Bank inter alia reviewed the existing methodology for compilation of India's BoP consistent with BPM6 guidelines. The Working Group made several recommendations for improving the present compilation procedure as well as presentation of India's BoP statistics conforming to international best practices (For details, see report at web-link: http://rbidocs.rbi.orq.in/rdocs/PublicationReDort/Pdfs/IBPM221110R.pdf)
In order to meet those national perspectives, the purpose codes have been revised and given in Annex I and the structures of four ASCII files to be submitted under FETERS are given in Annex II. The revised system is for reporting of R-Returns for forex transactions performed w.e.f. April 1, 2012.
Reporting to RBI: Banks may submit datafiles on a fortnightly basis (i.e., 15th and end-month), as at present, by email to rretum@rbi.org,in within one week of the last date of the fortnight. The electronic reporting system is in addition to the submission of R-Return cover page.
Naming Convention: The file name should start with "BANKCODE_" for each FETERS file to be submitted to the Reserve Bank. For example, if bank code is 639, the file name should be:
639_BOP6.TXT for BoP6 file
639_ENC.txt for ENC file
639_sch3to6.txt for SCH3to6 file
639_QE.txt for QE file
File Layout Changes: A comparison of the file layouts with the previous verS1on is given below:
|
S1. |
File Name |
Previous Width |
Revised Width |
Reason |
|
1 |
BankCode B0P6.txt |
59 |
63 |
Amount width increased to 15 |
|
2 |
BankCode_ENC.txt |
92 |
103 |
Invoice value width increased to 15 Shipping_bill_No. width increased to 13 CSN width increased to 14 |
|
3 |
BankCode_SCH3T06.txt |
83 |
95 |
Invoice Value width increased to 15 Realised Value width increased to 15 Shipping_bill_No. width increased to 13 |
|
4 |
BankCode_QE.txt |
41 |
45 |
Amount width increased to 15 |
|
5 |
BankCode_URS6.txt |
Discontinued |
Delimiter: The FETERS files should be ASCII files with one record per line. All fields in each file should be delimited with the delimiter"["
Reporting of Non-applicable items: In cases where an item is not be relevant for a set of transactions of certain purposes, irrelevant fields/ data items may be kept blank in the text file. Structure of this file has been designed in such a way that, many blank fields do not appear in between two relevant fields.
Consistency Checks: In order to ensure accurate reporting of data by ADs, FETERS contains consistency checks. These checks need to be ensured for the entire fortnight and relevant with currency-wise x item-wise cover-page totals. Checks are also introduced for checking the cloS1ng balances using the following relationship before submitting data to the Reserve Bank:
Closing Balances = Opening Balances + Total Purchases - Total Sales
Inter-relationship among FETERS files: The following inter-relationship among files BOP6TXT, QE.TXT and R-Retum cover page should be ensured.
|
Name |
Coverage (Transactions to be reported ) in File BOP6.TXT |
Coverage in File QE.TXT* |
Kern No. R-Return (Nostra) |
|
Imports (S0101.S0102, S0103 &S0109) |
All the individual transactions below Rs.5 lakh |
Purpose code S0190-Aggregate figure |
I. A. (i) |
All the individual transactions above or equivalent of Rs.5 lakh |
Purpose code S0191 ~ Aggregate figure |
I.A.(ii) |
|
Intermediary imports (S0104&S0108) |
All the individual transactions |
Purpose code S0144~ Aggregate figure |
LB. |
|
Non-import (Other than Imports) |
All the individual transactions below Rs.5 lakh |
Purpose code S1590 -Aggregate figure |
I. C. (i) |
| All the individual transactions above or equivalent of Rs.5 lakh | Purpose code S 1591 -Aggregate figure | I.C.(ii) | |
|
Sale to Other ADs in India |
No individual Transaction to be Reported |
Purpose code S0092 -Aggregate figure |
I.D |
|
Sale to RBI |
No individual Transaction to be Reported |
Purpose code S0091 -Aggregate figure |
I. E |
|
Sales to Overseas Banks / correspondents |
No individual Transaction to be Reported |
Purpose code S0093 ~ Aggregate figure |
I.F |
|
Sales to branches byA-Category |
No individual Transaction to be Reported |
Purpose code S0095 ~ Aggregate figure |
No reporting |
|
Exports (P0101.P0102, P0103 &P0109) |
All the individual transactions (i.e. N/P/D, advance received during fortnight, Collection realised during fortnight) |
Purpose code P0100 -Aggregate figure |
Total of II. A(i)(a),N. A(i)(b),ll. Afii) |
|
Intermediary exports (P0104&P0108) |
All the individual transactions |
Purpose code P0144-Aggregate figure |
II. B. |
|
Non-Export (Other than Exports) |
All the individual transactions related to Non-Export {Other than Exports) below equivalent of Rs.5 lakh |
Purpose code P1590 -Aggregate figure |
ll.C(i). |
| All the individual transactions related to Non-Export (Other than Exports) above or equivalent of Rs 5 lakh | Purpose code P1591 -Aggregate figure | II. C(ii). | |
|
Purchase from Other ADs in India |
No individual Transaction to be Reported |
Purpose code P0092 -Aggregate figure |
II. D |
|
Purchase from RBI |
No individual Transaction to be Reported |
Purpose code P0091 -Aggregate figure |
II. E |
|
Purchases from Overseas Banks / correspondents |
No individual Transaction to be Reported |
Purpose code P0093 -Aggregate figure |
II. F |
|
Purchases from branches by A-Category |
No individual Transaction to be Reported |
Purpose code P0095 ~ Aggregate figure |
No reporting |
|
Opening Balance |
|
With purpose code P2088/S2088 |
Net amount (Total III A to III H) |
|
CloS1ng Balance |
|
With purpose code P2199/S2199 |
Net amount (Total IV A to IV H) |
| *In case of Nostra, Currency wise fortnightly aggregate; in case of Vostro, Currency X Country of Vostro A/C holder wise fortnightly aggregate | |||
Helpdesk: To ensure accuracy of the format of the ASCII file generated by their interface, if necessary, ADs may contact us for guidance at the following address:
The Director,
Balance of Payments Statistics DiviS1on,
Department of Statistics and Information Management (DS1M)
Reserve Bank of India,
C-8/9, Bandra-Kurla Complex,
Mumbai-400 051
Helpdesk Contacts:
e-mail : feters@rbi.omin
Tel No. : (022) 26578700 / 26578359 / 26572695
Fax No.: (022) 26570848 / 26571265 / 26572319
Annex I: Purpose Codes for Reporting under FETERS
A. Payment Purposes (for use in BOP file)
|
Gr. No. |
Purpose Group Name |
Purpose Code |
Description |
|
00 |
Capital Account |
S0017 |
AcquiS1tion of non-produced non-financial assets (Purchase of intangible assets like patents, copyrights, trademarks etc., land acquired by government, use of natural resources) - Government |
|
S0019 |
AcquiS1tion of non-produced non-financial assets (Purchase of intangible assets like patents, copyrights, trademarks etc., use of natural resources) - Non-Government |
||
|
S0026 |
Capital transfers ( Guarantees payments, Investment Grand given by the government/international organisation, exceptionally large Non-life insurance claims) - Government |
||
|
S0027 |
Capital transfers ( Guarantees payments, Investment Grand given by the Non-government, exceptionally large Non-life insurance claims) - Non-Government |
||
|
S0099 |
Other Capital payments not included elsewhere |
||
| Financial Account | |||
|
Foreign Direct Investments |
S0003 |
Indian Direct investment abroad (in branches & wholly owned subS1diaries) in equity Shares |
|
|
S0004 |
Indian Direct investment abroad (in subS1diaries and associates)-in debt instruments |
||
|
S0005 |
Indian investment abroad - in real estate |
||
|
S0006 |
Repatriation of Foreign Direct Investment made by overseas Investors in India - in equity shares |
||
|
S0007 |
Repatriation of Foreign Direct Investment in made by overseas Investors India - in debt instruments |
||
|
S0008 |
Repatriation of Foreign Direct Investment made by overseas Investors in India - in real estate |
||
|
Foreign Portfolio Investments |
S0001 |
Indian Portfolio investment abroad - in equity shares |
|
|
S0002 |
Indian Portfolio investment abroad - in debt instruments |
||
|
S0009 |
Repatriation of Foreign Portfolio Investment made by overseas Investors in India - in equity shares |
||
|
S0010 |
Repatriation of Foreign Portfolio Investment made by overseas Investors in India - in debt instruments |
||
|
External Commercial Borrowings |
S0011 |
Loans extended to Non-Residents |
|
|
S0012 |
Repayment of long & medium term loans with original maturity above one year received from Non-Residents |
||
|
Short term Loans |
S0013 |
Repayment of short term loans with original maturity up to one year received from Non-Residents |
|
|
Banking Capital |
S0014 |
Repatriation of Non-ReS1dent DepoS1ts (FCNR(B)/NR(E)RA etc) |
|
|
S0015 |
Repayment of loans & overdrafts taken by ADs on their own account. |
||
|
S0016 |
Sale of a foreign currency against another foreign currency |
||
| Financial Derivatives and Others | S0020 | Payments made on account of margin payments, premium payment and settlement amount etc. under Financial derivative transactions. | |
| S0021 | Payments made on account of sale of share under Employee stock option | ||
| S0022 |
Investment in Indian DepoS1tories Receipts (IDRs) |
||
| S0023 |
Remittances made under Liberalised Remittance Scheme (LRS) for Individuals |
||
| External Assistance | S0024 | External AsS1stance extended by India, e.g. Loans and advances extended by India to Foreign governments under various agreements | |
| S0025 | Repayments made on account of External AsS1stance received by India. | ||
| 01 | Imports | S0101 | Advance payment against imports made to countries other than Nepal and Bhutan |
| S0102 | Payment towards imports- settlement of invoice other than Nepal and Bhutan | ||
| S0103 | Imports by diplomatic misS1ons other than Nepal and Bhutan | ||
| S0104 | Intermediary trade/tranS1t trade, i.e., third country export pasS1ng through India | ||
| S0108 | Goods acquired under merchanting / Payment against import leg of merchanting trade* | ||
| S0109 | Payments made for Imports from Nepal and Bhutan, if any | ||
|
02 |
Transport |
S0201 |
Payments for surplus freight/passenger fare by foreign Shipping companies operating in India |
|
S0202 |
Payment for operating expenses of Indian Shipping companies operating abroad |
||
|
S0203 |
Freight on imports - Shipping companies |
||
|
S0204 |
Freight on exports - Shipping companies |
||
|
S0205 |
Operational leaS1ng/Rental of Vessels (with crew) -Shipping companies |
||
|
S0206 |
Booking of passages abroad - Shipping companies |
||
|
S0207 |
Payments for surplus freight/passenger fare by foreign Airlines companies operating in India |
||
|
S0208 |
Operating expenses of Indian Airlines companies operating abroad |
||
|
S0209 |
Freight on imports - Airlines companies |
||
|
S0210 |
Freight on exports - Airlines companies |
||
|
S0211 |
Operational leaS1ng / Rental of Vessels (with crew) - Airline companies |
||
|
S0212 |
Booking of passages abroad - Airlines companies |
||
|
S0214 |
Payments on account of stevedoring, demurrage, port handling charges etc.(Shipping companies) |
||
|
S0215 |
Payments on account of stevedoring, demurrage, port handling charges, etc.(Airlines companies) |
||
|
S0216 |
Payments for Passenger - Shipping companies |
||
| S0217 | Other payments by Shipping companies | ||
| S0218 | Payments for Passenger - Airlines companies | ||
| S0219 | Other Payments by Airlines companies | ||
| S0220 | Payments on account of freight under other modes of transport (internal Waterways, Roadways, Railways, P1peline transports and others) | ||
| S0221 | Payments on account of passenger fare under other modes of transport (internal Waterways, Roadways, Railways, P1peline transports and others) | ||
| S0222 | Postal & Courier services by Air | ||
| S0223 | Postal & Courier services by Sea | ||
| S0224 | Postal & Courier services by others | ||
| 03 | Travel | S0301 | BuS1ness travel. |
| S0303 | Travel for P1lgrimage | ||
| S0304 | Travel for medical treatment | ||
| S0305 | Travel for education (including fees, hostel expenses etc.) | ||
| S0306 | Other travel (including holiday trips and payments for settling international credit cards transactions) | ||
| 05 | Construction Services | S0501 | Construction of projects abroad by Indian companies including import of goods at project S1te abroad |
| S0502 | cost of construction etc. of projects executed by foreign companies in India. | ||
|
06 |
Insurance and PenS1on Services |
S0601 |
Life Insurance premium except term insurance |
|
S0602 |
Freight insurance - relating to import & export of goods |
||
|
S0603 |
Other general insurance premium including reinsurance premium; and term life insurance premium |
||
|
S0605 |
Auxiliary services including commisS1on on insurance |
||
|
S0607 |
Insurance claim Settlement of non-life insurance; and life insurance (only term insurance) |
||
|
S0608 |
Life Insurance Claim Settlements |
||
|
S0609 |
Standardised guarantee services |
||
|
S0610 |
Premium for penS1on funds |
||
|
S0611 |
Periodic penS1on entitlements e.g. monthly quarterly or yearly payments of penS1on amounts by Indian PenS1on Fund Companies. |
||
|
S0612 |
Invoking of standardised guarantees |
||
|
07 |
Financial Services |
S0701 |
Financial intermediation, except investment banking - Bank charges, collection charges, LC charges etc. |
|
S0702 |
Investment banking - brokerage, under writing commisS1on etc. |
||
|
S0703 |
Auxiliary services - charges on operation & regulatory fees, custodial services, depoS1tory services etc. |
||
| 08 |
Telecommunication,
Computer & Information Services
|
S0801 | Hardware consultancy/implementation |
| S0802 | Software consultancy / implementation | ||
| S0803 | Data base, data procesS1ng charges | ||
| S0804 | Repair and maintenance of computer and software | ||
| S0805 | News agency services | ||
|
S0806 |
Other information services- Subscription to newspapers, periodicals |
||
|
S0807 |
Off-S1te software imports |
||
|
S0808 |
Telecommunication services including electronic mail services and voice mail services |
||
|
S0809 |
Satellite services including space shuttle and rockets etc. |
||
|
09 |
Charges for the use of intellectual property n.i.e |
S0901 |
Franchises services |
|
S0902 |
Payment for use, through licenS1ng arrangements, of produced originals or prototypes (such as manuscripts and films), patents, copyrights, trademarks and industrial processes etc. |
||
|
10 |
Other Business Services |
S1002 |
Trade related services — commisS1on on exports / imports |
|
S1003 |
Operational leaS1ng services (other than financial leaS1ng) without operating crew, including charter hire- Airlines companies |
||
|
S1004 |
Legal services |
||
|
S1005 |
Accounting, auditing, book-keeP1ng services |
||
|
S1006 |
BuS1ness and management consultancy and public relations services |
||
|
S1007 |
AdvertiS1ng, trade fair service |
||
|
S1008 |
Research & Development services |
||
|
S1009 |
Architectural services |
||
|
S1010 |
Agricultural services like protection against insects & disease, increaS1ng of harvest yields, forestry services. |
||
|
S1011 |
Payments for maintenance of offices abroad |
||
|
S1013 |
Environmental Services |
||
|
S1014 |
Engineering Services |
||
|
S10I5 |
Tax consulting services |
||
|
S1016 |
Market research and public oP1nion polling service |
||
|
S1017 |
Publishing and printing services |
||
|
S1018 |
Mining services like on-S1te procesS1ng services analyS1s of ores etc. |
||
|
S1020 |
CommisS1on agent services |
||
|
S1021 |
Wholesale and retailing trade services. |
||
|
S1022 |
Operational leaS1ng services (other than financial leaS1ng) without operating crew, including charter hire- Shipping companies |
||
|
S1023 |
Other Technical Services including scientific/space services. |
||
|
S1099 |
Other services not included elsewhere |
||
|
11 |
Personal, Cultural & Recreational services |
S1101 |
Audio-visual and related services like Motion P1cture and video tape production, distribution and projection services. |
|
S1103 |
Radio and televiS1on production, distribution and transmisS1on services |
||
|
S1104 |
Entertainment services |
||
|
S1105 |
Museums, library and archival services |
||
|
S1106 |
Recreation and sporting activities services |
||
|
S1107 |
Education (e.g. fees for correspondence courses abroad ) |
||
|
S1108 |
Health Service (payment towards services received from hospitals, doctors, nurses, paramedical and similar services etc. rendered remotely or on-site) |
||
|
S1109 |
Other Personal, Cultural & Recreational services |
||
| 12 | Govt. not included elsewhere (G.n.i.e) | S1201 | Maintenance of Indian embassies abroad |
| S1202 | Remittances by foreign embassies in India | ||
|
13 |
Secondary Income |
S1301 |
Remittance for family maintenance and savings |
|
S1302 |
Remittance towards personal gifts and donations |
||
|
S1303 |
Remittance towards donations to religious and charitable institutions abroad |
||
|
S1304 |
Remittance towards grants and donations to other governments and charitable institutions established by the governments. |
||
| S1305 | Contributions/donations by the Government to international institutions | ||
| S1306 | Remittance towards payment / refund of taxes. | ||
| S1307 | Outflows on account of migrant transfers including personal effects | ||
| 14 | Primary Income | S1401 | Compensation of employees |
| S1402 | Remittance towards interest on Non-ReS1dent deposits (FCNR(B)/NR(E)RA, etc.) | ||
| S1403 | Remittance towards interest on loans from Non-Residents (ST/MT/LT loans) e.g. External Commercial Borrowings, Trade Credits, etc. | ||
| S1405 | Remittance towards interest payment by ADS on their own account (to VOSTRO a/c holders or the OD on NOSTRO a/c.) | ||
| S1408 | Remittance of profit by FDI enterprises in India (by branches of foreign companies including bank branches) | ||
| S1409 | Remittance of dividends by FDI enterprises in India (other than branches) on equity and investment fund shares | ||
| S1410 | Payment of interest by FDI enterprises in India to their Parent com an abroad. | ||
| S1411 | Remittance of interest income on account of Portfolio Investment in India | ||
| S1412 | Remittance of dividends on account of Portfolio Investment in India on equity and investment fund shares | ||
| 15 | Others | S1501 | Refunds / rebates / reduction in invoice value on account of exports |
| S1502 | Reversal of wrong entries, refunds of amount remitted for nonexports | ||
| S1503 | Payments by residents for international bidding | ||
| S1504 | Notional sales when export bills negotiated/ purchased/ discounted are dishonored/ crystallised/ cancelled and reversed from suspense account | ||
| S1505 | Deemed Imports (exports between SEZ, EPZs and Domestic tariff areas | ||
| 16 | Maintenance and repair services n.i.e | S1601 | Payments on account of maintenance and repair services rendered for Vessels, shi s, boats, warshi s, etc. |
| S1602 | Payments on account of maintenance and repair services rendered for aircrafts s ace shuttles rockets milit aircrafts, helico ters etc. | ||
| 17 | Manufacturing services (goods for processing) | S1701 | Payments for processing of goods |
B. Receipt Purposes (for use in BOP file)
|
Gr. No. |
Purpose Group Name |
Purpose Code |
Description |
|
00 |
Capital Account |
P0017 |
Receipts on account of Sale of non-produced non-financial assets (Sale of intangible assets like patents, copyrights, trademarks etc., land acquired by government, use of natural resources) -Government |
|
P0019 |
Receipts on account of Sale of non-produced non-financial assets (Sale of intangible assets like patents, copyrights, trademarks etc., use of natural resources) - Non-Government |
||
|
P0028 |
Capital transfer receipts (Guarantee payments, Investment Grant given by the government/international organisation, exceptionally large Non-life insurance claims including claims arising out of natural calamity) - Government |
||
|
P0029 |
Capital transfer receipts ( Guarantee payments, Investment Grant given by the Non-government, exceptionally large Non-life insurance claims including claims ariS1ng out of natural calamity) -Non-Government |
||
|
P0099 |
Other capital receipts not included elsewhere |
||
| Financial Account | |||
|
Foreign Direct Investment |
P0003 |
Repatriation of Indian Direct investment abroad (by branches & wholly owned subsidiaries and associates) in equity shares |
|
|
P0004 |
Repatriation Indian Direct investment abroad (by branches & wholly owned subsidiaries and associates) in debt instruments |
||
|
P0005 |
Repatriation of Indian investment abroad in real estate |
||
|
P0006 |
Foreign Direct Investment made by overseas Investors in India in equity shares |
||
|
P0007 |
Foreign Direct Investment made by overseas Investors in India in debt instruments. |
||
|
P0008 |
Foreign Direct Investment made by overseas Investors in India in real estate |
||
|
Foreign Portfolio Investment |
P0001 |
Repatriation of Indian Portfolio investment abroad in equity Capital (shares) |
|
|
P0002 |
Repatriation of Indian Portfolio investment abroad in debt instruments. |
||
|
P0009 |
Foreign Portfolio Investment made by overseas Investors in India in equity shares |
||
|
P0010 |
Foreign Portfolio Investment made by overseas Investors in India in debt Instruments. |
||
|
External |
P0011 |
Repayment of loans extended to Non-Residents |
|
|
Commercial Borrowings |
P0012 |
Long & medium term loans, with original maturity of above one year, from Non-Residents to India (External Commercial Borrowings) |
|
|
Short term credits |
P0013 |
Short term loans with original maturity upto one year from Non-Residents to India (Short-term Trade Credit) |
|
|
|
Banking Capital |
P0014 |
Receipts o/a Non-Resident deposits (FCNR(B)/NR(E)RA, etc.) {ADS should report these even if funds are not "swapped" into Rupees} |
|
P0015 |
Loans & overdrafts taken by ADS on their own account. (Any amount of loan credited to the NOSTRO account which may not be swapped into Rupees should also be reported) |
||
|
P0016 |
Purchase of a foreign currency against another currency. |
||
|
Financial Derivatives and Others |
P0020 |
Receipts on account of margin payments, premium payment and settlement amount etc. under Financial derivative transactions |
|
|
P0021 |
Receipts on account of sale of share under Employee stock option |
||
|
P0022 |
Receipts on account of other investment in ADRs/GDRs |
||
|
External Assistance |
P0024 |
External Assistance received by India e.g. Multilateral and bilateral loans received by Govt. of India under agreements with other govt. / international institutions. |
|
|
P0025 |
Repayments received on account of External Assistance extended b India |
||
|
01 |
Exports (of Goods) |
P0101 |
Value of export bills negotiated / purchased/discounted etc. (covered under GR/PP/SOFTEX/EC copy of Shipping bills etc.) — Other than Nepal and Bhutan |
|
P0102 |
Realisation of export bills (in respect of goods) sent on collection (full invoice value) — Other than Nepal and Bhutan |
||
|
P0103 |
Advance receipts against export contracts, which will be covered laterb GR/PP/SOFTEX/SDF - than Ne al and Bhutan |
||
|
P0104 |
Receipts against export of goods not covered by the GR /PP [SOFTEX (EC copy of Shipping bill etc. (under Intermediary/transit trade, i.e., third count ex ort assin throu h India |
||
|
P0105 |
Export bills (in respect of goods) sent on collection — other than Ne al and Bhutan |
||
|
P0107 |
Realisation ofNPD export bills (full value of bill to be reported) — other than Ne al and Bhutan |
||
|
P0108 |
Goods sold under merchanting / Receipt against export leg of merchantin trade* |
||
|
P0109 |
Ex ort realisation on account of ex orts to Ne al and Bhutan, if an |
||
|
02 |
Transport |
P0201 |
Receipts of surplus freight/passenger fare by Indian Shipping companies operating abroad |
|
P0202 |
Receipts on account of operating expenses of Foreign Shipping companies operating in India |
||
|
P0205 |
Receipts on account of operational leasing (with crew) — Shipping companies |
||
|
P0207 |
Receipts of surplus freight/passenger fare by Indian Airlines companies operating abroad. |
||
|
P0208 |
Receipt on account of operating expenses of Foreign Airlines companies operating in India |
||
|
P0211 |
Receipt on account of operational leasing (with crew) — Airlines companies |
||
|
P0214 |
Receipt on account of other transportation services (stevedoring demurrage port handling charges etc . (Shipping Companies) |
||
|
P0215 |
Receipts on account of other transportation services (stevedoring, demurrage, port handling charges etc).( Airlines companies) |
||
|
P0216 |
Receipts of freight fare -Shipping companies operating abroad |
||
| P0217 | Receipts of passenger fare by Indian Shipping companies operating abroad | ||
|
P0218 |
Other receipts by Shipping companies |
||
|
P0219 |
Receipts of freight fare by Indian Airlines companies operating abroad |
||
|
P0220 |
Receipts of passenger fare -Airlines |
||
|
P0221 |
Other receipts by Airlines companies |
||
|
P0222 |
Receipts on account of freights under other modes of transport (Internal Waterways, Roadways, Railways, P1peline transports and Others) |
||
|
P0223 |
Receipts on account of passenger fare under other modes of transport (Internal Waterways, Roadways, Railways, P1peline transports and Others) |
||
|
P0224 |
Postal & Courier services by Air |
||
|
P0225 |
Postal & Courier services by Sea |
||
|
P0226 |
Postal & Courier services by others |
||
|
03 |
Travel |
P0301 |
Purchases towards travel (Includes purchases of foreign TCs, currency notes etc over the counter, by hotels, Emporiums, institutions etc. as well as amount received by TT/SWIFT transfers or debit to Non-Resident account). |
|
P0302 |
Business travel |
||
|
P0304 |
Travel for medical treatment including TCs purchased by hosP1tals |
||
|
P0305 |
Travel for education including TCs purchased by educational institutions |
||
|
P0306 |
Other travel receipts |
||
|
P0308 |
Foreign Currencies/TCs surrendered by returning Indian tourists. |
||
|
05 |
Construction Services |
P0501 |
Receipts on account of services relating to cost of construction of projects in India |
|
P0502 |
Receipts on account of construction works carried out abroad by Indian Companies |
||
|
06 |
Insurance and Pension Services |
P0601 |
Life Insurance premium except term insurance |
|
P0602 |
Freight insurance - relating to import & export of goods |
||
|
P0603 |
Other general insurance premium including reinsurance premium; and term life insurance premium |
||
|
P0605 |
Auxiliary services including commission on insurance |
||
|
P0607 |
Insurance claim Settlement of non-life insurance; and life insurance (only term insurance) |
||
|
P0608 |
Life insurance claim settlements (excluding term insurance) received by residents in India |
||
|
P0609 |
Standardised guarantee services |
||
|
P0610 |
Premium for pension funds |
||
|
P0611 |
Periodic pension entitlements e.g. monthly quarterly or yearly payments of pension amounts by Indian Pension Fund Companies. |
||
|
P0612 |
Invoking of standardised guarantees |
||
|
07 |
Financial Services |
P0701 |
Financial intermediation except investment banking - Bank charges, collection charges, LC charges, etc. |
|
P0702 |
Investment banking - brokerage, under writing commission etc. |
||
|
P0703 |
Auxiliary services - charges on operation & regulatory fees, custodial services, depository services etc. |
||
|
08 |
Telecommunication, Computer & Information Services |
P0801 |
Hardware consultancy/implementation |
|
P0802 |
Software consultancy/implementation (other than those covered in SOFTEX form) |
||
|
P0803 |
Data base, data processing charges |
||
|
P0804 |
Repair and maintenance of computer and software |
||
|
P0805 |
News agency services |
||
|
P0806 |
Other information services- Subscription to newspapers, periodicals, etc. |
||
|
P0807 |
Off-site Software Exports |
||
|
P0808 |
Telecommunication services including electronic mail services and voice mail services |
||
|
P0809 |
Satellite services including space shuttle and rockets, etc. |
||
|
09 |
Charges for the use of intellectual property n.i.e |
P0901 |
Franchises services |
|
P0902 |
Receipts for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films), patents, copyrights, trademarks, industrial processes, franchises etc. |
||
|
10 |
Other Business Services |
P1002 |
Trade related services - commission on exports / imports |
|
P1003 |
Operational leasing services (other than financial leasing) without operating crew, including charter hire- Airlines companies |
||
|
P1004 |
Legal services |
||
|
P1005 |
Accounting, auditing, book keeP1ng services |
||
|
P1006 |
Business and management consultancy and public relations services |
||
|
P1007 |
Advertising, trade fair service |
||
|
P1008 |
Research & Development services |
||
|
P1009 |
Architectural services |
||
|
P1010 |
Agricultural services like protection against insects & disease, increasing of harvest yields, forestry services. |
||
|
P1011 |
Inward remittance for maintenance of offices in India |
||
|
P1013 |
Environmental Services |
||
|
P1014 |
Engineering Services |
||
|
P1015 |
Tax consulting services |
||
|
P1016 |
Market research and public opinion polling service |
||
|
P1017 |
Publishing and printing services |
||
|
P1018 |
Mining services like on-site processing services analysis of ores etc. |
||
|
P1019 |
Commission agent services |
||
|
P1020 |
Wholesale and retailing trade services. |
||
|
P1021 |
Operational leasing services (other than financial leasing) without operating crew, including charter hire- Shipping companies |
||
|
13 |
Secondary Income |
P1301 |
Inward remittance from Indian non-residents towards family maintenance and savings |
|
P1302 |
Personal gifts and donations |
||
|
P1303 |
Donations to religious and charitable institutions in India |
||
|
P1304 |
Grants and donations to governments and charitable institutions established by the governments |
||
|
P1306 |
Receipts / Refund of taxes |
||
|
P1307 |
Receipts on account of migrant transfers including Personal Effects |
||
|
14 |
Primary Income |
P1401 |
Compensation of employees |
|
P1403 |
Inward remittance towards interest on loans extended to nonresidents (ST/MT/LT loans) |
||
|
P1405 |
Inward remittance towards interest receipts of ADs on their own account (on investments.) |
||
|
P1408 |
Inward remittance of profit by branches of Indian FDI Enterprises (including bank branches) operating abroad. |
||
|
P1409 |
Inward remittance of dividends (on equity and investment fund shares) by Indian FDI Enterprises, other than branches, operating abroad |
||
|
P1410 |
Inward remittance on account of interest payment by Indian FDI enterprises operating abroad to their Parent company in India. |
||
|
P1411 |
Inward remittance of interest income on account of Portfolio Investment made abroad by India |
||
|
P1412 |
Inward remittance of dividends on account of Portfolio Investment made abroad by India on equity and investment fund shares |
||
|
P1499 |
Other income receipts |
||
|
15 |
Others |
P1501 |
Refunds / rebates on account of imports |
|
P1502 |
Reversal of wrong entries, refunds of amount remitted for non-imports |
||
|
P1503 |
Remittances (receipts) by residents under international bidding process. |
||
|
P1505 |
Deemed Exports (exports between SEZ, EPZs and Domestic Tariff Areas) |
||
|
16 |
Maintenance and repair services n.i.e |
P1601 |
Receipts on account of maintenance and repair services rendered for Vessels, Ships, Boats, Warships, etc. |
|
P1602 |
Receipts of maintenance and repair services rendered for aircrafts, Space shuttles, Rockets, military aircrafts, etc. |
||
|
17 |
Manufacturing services |
P1701 |
Receipts on account of processing of goods |
* - 'Merchanting' here refers to purchase/sale of goods from/to a non-resident combined with subsequent resale of the same goods to another non-reS1dent without goods being present in the comP1ling economy (reS1dent's economy). Essentially, goods transaction would be termed as 'merchanting' if goods acquired do not enter the territory of the comP1ling (reS1dent's) economy and secondly, goods being acquired do not undergo any transformation before being resold or repurchased
C. Cover Page Purpose Codes (for use in QE file)
| Gr. No. | Purpose Group Name | Purpose Code | Description |
|
99 |
Cover Page Total |
P0091 |
Purchase from Reserve Bank of India (Currency-wise Totals) |
|
P0092 |
Purchase from other ADs in India (Currency-wise Totals) |
||
|
P0093 |
Purchase from Overseas banks & correspondents (Currency-wise Totals) |
||
|
P0094 |
debit from the vostro a/c of overseas bank or correspondents (Country-wise Totals) |
||
|
P0095 |
Aggregate Purchases at Branches (Currency-wise Totals) |
||
| P0100 | Exports (Totals) {N/P/D + Collection bills Realised during Fortnight + Advance received during Fortnight} (Purchases from Public against exports (Currency-wise Totals)} | ||
|
P0144 |
Purchases from Public against third country exports (Currency-wise Totals) |
||
|
P1590 |
receipts below Rs. 5 lakhs (Currency-wise Totals) |
||
|
P1591 |
Non-Exports equivalent & above Rs.5 lakhs (Currency-wise Totals) |
||
|
S0091 |
Sales to Reserve Bank of India (Currency-wise Totals) |
||
|
S0092 |
Sales to other ADs in India (Currency-wise Totals) |
||
|
S0093 |
Sales to Overseas banks & correspondents (Currency-wise Totals) |
||
|
S0094 |
credit to the vostro a/c of overseas bank or correspondents (Country-wise Totals) |
||
|
S0095 |
Aggregate Sales at Branches (Currency-wise Totals) |
||
|
S0144 |
Sales to Public against Imports into other countries (Currency-wise Totals) |
||
|
S0190 |
Imports below Rs.5 lakhs(Currency-wise Totals) |
||
|
S0191 |
Imports equivalent & above Rs.51Lakhs (Currency-wise Totals) |
||
|
S1590 |
Non-Imports payment below Rs 5 lakhs (Currency-wise Totals) |
||
|
S1591 |
Non-Imports equivalent & above Rs.5 lakhs (Currency-wise Totals) |
||
|
Cover Page Balance |
P20S8 |
Opening Balance (Debit Balance in Mirror/Debit Balance in Vostro) |
|
|
P2199 |
Closing Balance (Debit Balance in Mirror/Debit Balance in Vostro) |
||
|
S2088 |
Opening Balance (Credit Balance in Mirror/Credit Balance in Vostro) |
||
|
S2199 |
Closing Balance (Credit Balance in Mirror/Credit Balance in Vostro) |
Annex II: FETERS File Layouts
1. BANKC0DE_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 |
2. BANKCODE_ENC.TXT relating to physical exports, bills in respect of which were negotiated, purchased, discounted or sent for collection during the reporting period
|
Field |
Format |
Remarks |
|
A.D. Code |
Char (7) |
|
|
Fortnight-end date |
YYYYMMDD |
|
|
Date of Negotiation |
YYYYMMDD |
|
|
Bill Number |
Char (7) |
Internal to the Bank (e.g. N000001) |
|
Importer Exporter Code |
Char (10) |
As given by DGFT |
|
GR/PP/SOFTEX Form Number |
Char (8) |
e.g.AA000001 (for EDI transactions, P1 indicate ZZ) |
|
Shipping Bill Number |
Char (13) |
EDI transactions: 7-diqit Shipping bill |
|
Shipping Bill Date |
YYYYMMDD |
|
|
Custom Serial Number |
Char (14) |
6-digit port code + 2-digit calendar year of export + 6-digit Serial No. |
|
Currency |
Char (3) |
|
|
Invoice Value (in Currency) |
Num. (15) |
|
|
Country of Destination |
Char (2) |
|
3. BANKCODE_SCH3T06.TXT (Schedules 3 to 6) relating to exports where full / part value has been realised / received in advance [Sch.3: Realisation of Full amount (bill sent for collection); Sch.4: Realisation of Partial amount (bill sent for collection); Sch. 5: Receipt of full advance; Sch. 6: Receipt of partial advance]
|
Field |
Format |
Remarks |
|
A.D. Code |
Char (7) |
|
|
Fortniqht-end date |
YYYYMMDD |
|
|
Transaction Date |
YYYYMMDD |
|
|
Bill Number |
Char (7) |
|
|
GR/PP/SOFTEXForm Number |
Char (8) |
|
|
Shipping Bill Number |
Char (13) |
|
|
Shipping Bill Date |
YYYYMMDD |
|
|
Currency |
Char (3) |
|
|
Invoice Value |
Num. (15) |
|
|
Realised Value |
Num. (15) |
|
|
Country of Destination |
Char (2) |
|
|
Schedule No. |
Char(1) |
e.g. 5 for Schedule 5 |
4. 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 Nostra |
| Related Press Release | |
|
Feb 29, 2012 |
ComPilation of R-Returns : Reportine under FETERS |