Country code reporting under FETERS: banks must capture ultimate exporter/importer country and update R Return reporting workflows. A two character country-code (SWIFT code) must be added to the end of the BoP file-format under FETERS to capture the ultimate exporter/importer country; for imports, a revised Form A2 must record the 'Name of the country providing ultimate services' for specified purpose groups, and Authorised Dealers must update systems to report R Returns on a fortnightly basis accordingly.
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Provisions expressly mentioned in the judgment/order text.
Country code reporting under FETERS: banks must capture ultimate exporter/importer country and update R Return reporting workflows.
A two character country-code (SWIFT code) must be added to the end of the BoP file-format under FETERS to capture the ultimate exporter/importer country; for imports, a revised Form A2 must record the "Name of the country providing ultimate services" for specified purpose groups, and Authorised Dealers must update systems to report R Returns on a fortnightly basis accordingly.
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