FETERS reporting revisions require transaction level purpose coding and updated file formats, affecting AD banks' reporting obligations. AD Category I banks must apply a revised purpose code classification aligned with BPM6 to all foreign exchange transactions from April 1, 2012, report previously consolidated small non export receipts at transaction level, adopt a 15 digit amount field and 6 digit port codes, and submit four prescribed ASCII files with specified layouts, naming conventions, inter file consistency checks and fortnightly electronic submission timelines to the Reserve Bank.
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Provisions expressly mentioned in the judgment/order text.
FETERS reporting revisions require transaction level purpose coding and updated file formats, affecting AD banks' reporting obligations.
AD Category I banks must apply a revised purpose code classification aligned with BPM6 to all foreign exchange transactions from April 1, 2012, report previously consolidated small non export receipts at transaction level, adopt a 15 digit amount field and 6 digit port codes, and submit four prescribed ASCII files with specified layouts, naming conventions, inter file consistency checks and fortnightly electronic submission timelines to the Reserve Bank.
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