R-Return reporting: updated formats, new purpose codes and fortnightly submissions with simplified A 2 declaration required. Authorised Dealers must adopt updated R-Return (NOSTRO and VOSTRO) formats with deleted and reassigned items, use revised purpose codes via FET-ERS Version 6.1, and submit hard-copy returns with FET-ERS floppy on a fortnightly basis from the implementation date. The A-2 form has been combined with the FEMA declaration to simplify non-import remittance documentation for specified individual and corporate transactions. The Reserve Bank will distribute the revised package, provide training, and issued these directions under Sections 10(4) and 11(1) of FEMA, 1999.
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R-Return reporting: updated formats, new purpose codes and fortnightly submissions with simplified A 2 declaration required.
Authorised Dealers must adopt updated R-Return (NOSTRO and VOSTRO) formats with deleted and reassigned items, use revised purpose codes via FET-ERS Version 6.1, and submit hard-copy returns with FET-ERS floppy on a fortnightly basis from the implementation date. The A-2 form has been combined with the FEMA declaration to simplify non-import remittance documentation for specified individual and corporate transactions. The Reserve Bank will distribute the revised package, provide training, and issued these directions under Sections 10(4) and 11(1) of FEMA, 1999.
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