TaxTMI 
TaxTMI 
Foreign Exchange Management Act, 1999 - Guidelines for Compilation of R-Returns
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....)/(ii). The list of revised purpose codes for purchase, sale transactions and also a list of purpose codes to be used for filling up the cover page of R-Return are enclosed as Annexure II, Annexure III & Annexure IV. 3. It has also been decided to simplify the procedures and documentation formalities in respect of non-import remittances. Accordingly, in consultation with FEDAI, the A-2 form has been modified to incorporate the application form and the declaration in terms of Section 10(5) of FEMA, 1999 and the specimen form is enclosed as Annexure V. The customer will be required to submit only this form in respect of permissible transactions pertaining to individuals up to a limit of USD 5000 as per our AP DIR circular No 55 dated 23 Dec 2003. For undertaking transactions under the Liberalised Remittance Scheme of USD 25000 for resident individuals, ADs may be guided by the instructions conveyed in our AP DIR No 64 dated February 4, 2004. As regards other transactions, apart from Form A2 as at Annexure V, the AD may call for additional information and documents as may be required. In respect of regular corporate customers, the bank may like to obtain one-time declaration under ....
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....erseas banks and branches * G. Aggregate sales at Branches (Reporting directly to Reserve Bank) by adjustment through Head Office/Link Office Total of IA to IG :2: II. Inflows. A. Purchases from Public against exports (i) Against GR/PP/SOFTEX Forms/SDF of which (a) Bills negotiated under L/C and bills purchased & discounted (b) Bills for collection realised (ii) Advance receipts which will be covered later by GR/PP/SOFTEX Forms/SDF Total of II A(i)(a), II A(i)(b) & II A(ii) B. Purchases from Public against third country exports (i.e. intermediary trade not covered by GR/PP/SOFTEX Forms/SDF C. Purchases from Public other than against exports (i) Below equivalent of Rs.5 lakh (ii) Equivalent of Rs. 5 lakh and above Total of II C (i) and II C (ii) D. Purchases from other Authorised Dealers in India Total Inflows (Total of IIA, IIB, IIC and IID) (For 'A' Category Branches only) * * E. Purchases from Reserve Bank of India * * F. Purchases from overseas banks and branches * * * G. Aggregate purchases at branches (Reporting directly to Reserve Bank) by adjustment through Head Office....
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....erals) (To be submitted, as at the close of business on the 15th and the last day of each month) A.D.Code No. Licence No. Serial No. of the Return Annexure IA (Amount to be rounded off to the nearest unit of the currency) Opening Balance Credits Debits Closing Balance Transactions with Public Imports Others Funding Transa- ctions Total Credits Transactions with Public Withdra- wal Tra- Total Debits (3) + (4) + Exports Payments to Public nsactions (7)+ (8) + Below Rs.5 Rs.5 lakh lakh & above Below Rs.5 lakh & above Rs.5 lakh Below Rs.5 lakh Rs.5 lakh & above (1) (3) (a) (b) (4) (5) (6) (7) (b) A) Banks Sub-Total (A) B) Private Exchange Houses Sub-Total (B) GRAND TOTAL (8) (10) (11) (b) 2 We hereby certify that (a) the figures reported in the above Return are true and correct; (b) all the transactions effected by us and by our branches on the non-resident bank accounts maintained by us during the reporting period to which this Return relates have been reported in this Return; (c) no ....
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.... Description under GR/PP/SOFTEX/EC copy of shipping bills etc.) Realisation of export bills (in respect of goods) sent on collection (full invoice value) Advance receipts against export contracts (export of goods only) Receipts against export of goods not covered by the GR/PP/SOFTEX/EC copy of shipping bill etc. Export bills (in respect of goods) sent on collection. Conversion of overdue export bills from NPD to collection mode Realisation of NPD export bills (full value of bill to be reported) Receipts of surplus freight/passenger fare by Indian shipping companies operating abroad P0202 Purchases, on account of operating expenses of Foreign shipping companies operating in India P0205 P0207 Purchases on account of operational leasing (with crew) - Shipping companies Receipts of surplus freight/passenger fare by Indian Airlines companies operating abroad. P0208 Receipt on account of operating expenses of Foreign Airlines P0211 * companies operating in India Purchases on account of operational leasing (with crew) -Airlines companies P0213 Receipts on account of other....
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....ial processes, franchises etc. Receipts for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films) Merchanting Services - net receipts (from sale and purchase of goods without crossing the border). Trade related services - Commission on exports/imports. Operational leasing services (other than financial leasing and without operating crew) including charter hire Legal services Accounting, auditing, book keeping and tax consulting services Business and management consultancy and public relations services Advertising, trade fair, market research and public opinion polling services Research & Development services Architectural, engineering and other technical services - Agricultural, mining and on-site processing services protection against insects & disease, increasing of harvest yields, forestry services, mining services like analysis of ores etc. P1011 P1012 P1013 P1019 P1101 P1102 Inward remittance for maintenance of offices in India Distribution services Environmental services Other services not included elsewhere Au....
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.... Investment in India- in equity shares Repatriation of Foreign Direct Investment in India- in debt securities Repatriation of Foreign Direct Investment in India- in real estate S0009 |Investment in India- in equity shares S0010 S0011 S0012 Repatriation of Foreign Portfolio Repatriation of Foreign Portfolio Investment in India- in debt securities Loans extended to Non-Residents Repayment of loans received from Non- Residents {Long & medium term loans) Repatriation of Non-Resident Deposits S0013 Repayment of short term loans received from Non-Residents S0014 S0015 S0016 S0017 S0018 (FCNRB/N.RERA etc) Repayment of loans & overdrafts taken by ADs on their own account. Sale of a foreign currency against another foreign currency Purchase of intangible assets like patents, copyrights, trade marks etc. Other capital payments not included Elsewhere Advance payment against imports Payment towards imports- settlement of invoice Imports by diplomatic missions 01 Imports S0101 SO 102 S0103 Group No. Purpose Group Name Purpose Code S0104 S0190 ....
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....sion on financial leasing etc. Investment banking - brokerage, underwriting commission etc. Auxiliary services - charges on operation & regulatory fees, custodial services, depository services etc. 08 Computer & Information S0801 Hardware consultancy Services S0802 S0803 S0804 S0805 S0806 S0902 Software implementation/consultancy Data base, data processing charges Repair and maintenance of computer And software slews agency services Other information services-Subscription to newspapers, periodicals Franchises services - patents, copyrights, trade marks, industrial processes, franchises etc. Payment for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films) Merchanting services. -net payments (from Sale & 09 Royalties License Fees & S0901 10 Other |S1001 Group No. Purpose Group Name Business Services 11 Personal, Cultural & Recreational services Purpose Code S1002 S1003 S1004 S1005 S1006 S1007 S1008 S1009 S1010 Description purchase of goods with....
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....debentures / bonds / FRNs etc. S1405 Remittance towards interest payment by ADS on their own account (to VOSTRO a/c holders or the OD on NOSTRO a/c.) Repatriation of profits S1406 S1407 Payment/ repatriation of dividends 15 Others S1501 S1502 Refunds/rebates / reduction in invoice value on account of exports Reversal of wrong entries, refunds of amount remitted for non-exports S1503 Payments by residents for S1504 international bidding Crystallize/Cancel export bills Document 4 NEW PURPOSE CODES FOR REPORTING FOREX TRANSACTIONS PAYMENT PURPOSES Annexure III Group No. Purpose Group Purpose Description Name Code 00 Capital S0001 Account Indian investment abroad -in equity capital (shares) S0002 Indian investment" abroad -in debt securities S0003 Indian investment abroad -in branches S0004 Indian investment abroad -in subsidiaries and associates S0005 Indian investment abroad -in real estate S0006 S0007 S0008 Repatriation of Foreign Direct Investment in India- in equity shares Repatriation of Foreign Direct Investment in In....
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....ion (including fees, lostel expenses etc.) S0306 Other travel (international credit cards) 04 Communica-tion S0401 Postal services Service S0402 Courier services S0403 Telecommunication services S0404 Satellite services Group No. 05 Purpose Group Name Construction Service Purpose Code S0501 S0502 Description Construction of projects abroad by Indian companies including import of goods at project site Payments for cost of construction etc. of projects executed by foreign companies in India. 06 Insurance S0601 Payments for Life insurance premium Service S0602 S0603 S0604 Freight insurance - relating to import & export of goods Other general insurance premium Reinsurance premium S0605 Auxiliary services (commission on insurance) 07 Financial Services S0606 S0701 S0702 S0703 Settlement of claims Financial intermediation except investment banking Bank charges, collection charges, LC charges, cancellation of forward contracts, commission on financial leasing etc. Investment banking - brokerage, underwriting commissio....
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....ence courses abroad. Maintenance of Indian embassies abroad 12 Government not S1201 included elsewhere |(G.n.i.e.) SI 202 Remittances by foreign embassies in India 13 Transfers S1301 Remittance by non-residents towards family maintenance and savings Group No. Purpose Group Name Purpose Code Description S1302 Remittance towards personal gifts and donations S1303 Remittance towards donations to religious and charitable institutions abroad S1304 S1305 Remittance towards grants and donations to other governments and charitable institutions established by the governments. Contributions/donations by the Government to international institutions S1306 Remittance towards payment / refund of taxes. 14 Income S1401 S140.2 Compensation of employees Remittance towards interest on Non-Resident deposits (FCNRB/NRERA/ NRNRD/NRSR etc.) S1403 Remittance towards interest on loans from Non- Residents (ST/MT/LT loans) S1404 Remittance of interest on debt securities debentures / bonds / FRNs etc. S1405 Remittance towards interest payment by ADS on th....
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....rike out whichever is not applicable) Declaration (Under FEMA 1999) declare that - Signature I. 1) The total amount of foreign exchange purchased from or remitted through, all sources in India during this calendar year including this application is within USD (USD _only) the annual limit prescribed by Reserve Bank of India for the said purpose. 2) Foreign exchange purchased from you is for the purpose indicated above. (Strike out whichever is not applicable) Date: (The purpose codes are on the reverse) Signature Name AD Code No. Form No. For office use only Currency Amount Equivalent to Rs.. (To be filled in by Authorised Dealer) S0001 S0002 S0003 S0004 S0005 S0006 S0007 S0008 S0009 S0010 S0011 Loans extended to Non-Residents S0012 S0013 Repayment of short-term loans with original maturity up to one year received from Non-Residents. S0014 S0015 S0016 S0017 S0018 Repatriation of Non-Resident Deposits (FCNRB/NRERA etc) Repayment of loans & overdrafts taken by ADS on their own account. Sale of a foreign currency against another foreign curr....
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....es Repayment of long and medium-term loans with original maturity above one year received from Non-Residents. Booking of passages abroad - Airlines companies Remittance towards Business travel. Computer and Information Services (08) S0801 S0802 S0803 S0804 S0805 S0806 Hardware consultancy/implementation Software consultancy/implementation Data base, data processing charges Repair and maintenance of computer and software News agency services Other information services newspapers, periodicals Royalties and License Fees (09) S0901 S0902 Subscription to Franchises services - patents, copyrights, trade marks, industrial processes, franchises etc. Payment for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films) Other Business Services (10) S1001 Merchanting services -net payments (from Sale & purchase of goods without crossing the border). Trade related services commission on exports / imports Operational leasing services (other than financial leasing) without operating crew, including charter hire Legal services Accounting, audit....