AI OCR 
TaxTMI 
TaxTMI 
TaxTMI 
Compilation of R-Returns: Reporting under FETERS.
X X X X Extracts X X X X
X X X X Extracts X X X X
....national 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. * With the transition to core banking system (CBS), move to complete transaction reporting is warranted instead of relying on the unclassified receipts survey (URS) for purpose-wise distribution of the consolidated amount under non-export receipts below a threshold. * 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): * The purpose codes for classification and reporting of foreign exchange transactions in FETERS should be as per the revised classification. Accordingly, all AD category-I 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 ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ample of such small receipt transactions (as part of R-return in the URS file under FETERS), will be discontinued for transactions beyond March 31, 2012. * The amount field in all FETERS files will be increased to 15-digit format. * 6-digit port code will be used uniformly for reporting under FETERS. [A.P. (DIR Series) Circular No.84 dated February 29, 2012] Ajit Prasad Assistant General Manager Press Release : 2011-2012/1393 Related Notification Feb 29, 2012 Compilation of R-Returns: Reporting under FETERS ============= Document 1 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 B....
X X X X Extracts X X X X
X X X X Extracts X X X X
....eased to 15 2 BankCode_ENC.txt 92 103 Invoice value width increased to 15 3 BankCode_SCH3T06.txt 83 95 4 BankCode QE.txt 41 45 5 BankCode URS6.txt Shipping_bill_No. width increased to 13 CSN width increased to 14 Invoice Value width increased to 15 Realised Value width increased to 15 Shipping_bill_No. width increased to 13 Amount width increased to 15 Discontinued Page 1 of 18 Name 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 closing balances using the following relationship b....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Purpose code P0092 - II. D Aggregate figure No individual Transaction to be Reported Purpose code P0091 ~ II. E No individual Transaction to be Reported Aggregate figure Purpose code P0093 ~ Aggregate figure II. F No individual Transaction to be Reported Purpose code P0095 ~ Aggregate figure No reporting Category Opening Balance With purpose code P2088/S2088 Net amount (Total III A to III H) Closing Balance With purpose code P2199/S2199 Net amount (Total IV A to IV H) *In case of Nostro, 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 Division, Department of Statistics and Information Management (DSIM) Reserve Bank of India, C-8/9, Bandra-Kurla Complex, Mumbai - 400 051 Helpdesk Contacts: e-mail [email protected] Tel No. (022) 26578700 / 26578359/26572695 Fax No.: (022) 26570848/26571265/26572319 Page 3 of 18 Annex I: Purpose Codes for Reporting under FETER....
X X X X Extracts X X X X
X X X X Extracts X X X X
....count. Sale of a foreign currency against another foreign currency Page 4 of 18 Gr. Purpose Purpose No. Group Name Code Financial S0020 Derivatives and Others S0021 S0022 S0023 External S0024 Assistance S0025 01 Imports S0101 S0102 S0103 S0104 S0108 S0109 02 Transport S0201 S0202 Description Payments made on account of margin payments, premium payment and settlement amount etc. under Financial derivative transactions. Payments made on account of sale of share under Employee stock option Investment in Indian Depositories Receipts (IDRs) Remittances made under Liberalised Remittance Scheme (LRS) for Individuals External Assistance extended by India. e.g. Loans and advances extended by India to Foreign governments under various agreements Repayments made on account of External Assistance received by India. Advance payment against imports made to countries other than Nepal and Bhutan Payment towards imports- settlement of invoice other than Nepal and Bhutan Imports by diplomatic missions other than Nepal and Bhutan Intermediary trade/transit trade, i.e., third country export passing through India Goods acquired under merchanting / Paym....
X X X X Extracts X X X X
X X X X Extracts X X X X
....guarantees 07 Financial Services S0701 Financial intermediation, except investment banking - Bank charges, collection charges, LC charges etc. S0702 S0703 Investment banking – brokerage, under writing commission etc. Auxiliary services - charges on operation & regulatory fees, custodial services, depository services etc. Other travel (including holiday trips and payments for settling international credit cards transactions) Construction of projects abroad by Indian companies including import of goods at project site abroad cost of construction etc. of projects executed by foreign companies in India. Life Insurance premium except term insurance Freight insurance - relating to import & export of goods Other general insurance premium including reinsurance premium; and term life insurance premium Auxiliary services including commission on insurance Insurance claim Settlement of non-life insurance; and life insurance (only term insurance) Life Insurance Claim Settlements Page 6 of 18 Gr. Purpose Purpose Description No. Group Name Code 08 Telecommunic S0801 ation, S0802 Computer & S0803 Data base, data processing charges Information S0804....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Entertainment services Museums, library and archival services Education (e.g. fees for correspondence courses abroad) Health Service (payment towards services received from hospitals, doctors, nurses, paramedical and similar services etc. rendered remotely or on-site) Other Personal, Cultural & Recreational services Maintenance of Indian embassies abroad 12 Govt. S1109 not S1201 included S1202 Remittances by foreign embassies in India elsewhere (G.n.i.e.) 13 Secondary S1301 Remittance for family maintenance and savings Income S1302 Remittance towards personal gifts and donations S1303 S1304 S1305 Remittance towards donations to religious and charitable institutions abroad 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. S1307 14 Primary Income S1401 Outflows on account of migrant transfers including personal effects Compensation of employees S1402 Remittance towards interest on Non-Resident deposits (FCNR(B)/NR(E)RA, etc.) S1403 Remittance to....
X X X X Extracts X X X X
X X X X Extracts X X X X
....tents, copyrights, trademarks etc., use of natural resources) – Non-Government 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 Capital transfer receipts ( Guarantee payments, Investment Grant given by the Non-government, exceptionally large Non-life insurance claims including claims arising out of natural calamity) – Non-Government Other capital receipts not included elsewhere Repatriation of Indian Direct investment abroad (by branches & wholly owned subsidiaries and associates) in equity shares Repatriation Indian Direct investment abroad (by branches & wholly owned subsidiaries and associates) in debt instruments Repatriation of Indian investment abroad in real estate Foreign Direct Investment made by overseas Investors in India in equity shares Foreign Direct Investment made by overseas Investors in India in debt instruments. Foreign Direct Investment made by overseas Investors in India in real estate Repatriation of Indian Portfolio investment abroad in equity capital....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... reported) — other than Nepal and Bhutan Goods sold under merchanting / Receipt against export leg of merchanting trade* Export realisation on account of exports to Nepal and Bhutan, if any Receipts of surplus freight/passenger fare by Indian shipping companies operating abroad Receipts on account of operating expenses of Foreign shipping companies operating in India P0105 P0107 P0108 60 02 Transport P0109 P0201 P0202 P0205 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 P0214 Receipt on account of operational leasing (with crew) - Airlines companies Receipts on account of other transportation services (stevedoring, Receipts on account of operational leasing (with crew) – Shipping companies Page 11 of 18 Gr. No. Purpose Group Name Purpose Code P0215 60 02 Transport P0216 P0217 P0218 P0219 P0220 P0221 P0222 03 13 P0223 Description demurrage, port handling charges etc).(Shipping Companies) Receipts on account of other transportation services (stevedoring, demurrage, p....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... pension amounts by Indian Pension Fund Companies. Invoking of standardised guarantees Financial intermediation except investment banking – Bank charges, collection charges, LC charges, etc. Investment banking – brokerage, under writing commission etc. Auxiliary services - charges on operation & regulatory fees, custodial services, depository services etc. Hardware consultancy/implementation Software consultancy/implementation (other than those covered in SOFTEX form) Services P0803 Data base, data processing charges P0804 P0805 P0806 P0807 P0808 P0809 60 09 Charges for the P0901 use of P0902 intellectual property n.i.e 10 Other Business Services P1002 P1003 P1004 P1005 P1006 P1007 P1008 P1009 P1010 Repair and maintenance of computer and software News agency services Other information services- Subscription to newspapers, periodicals, etc. Off-site Software Exports Telecommunication services including electronic mail services and voice mail services Satellite services including space shuttle and rockets, etc. Franchises services Receipts for use, through licensing arrangements, of produced originals or prototypes (such ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....CEF etc. in India. Inward remittance from Indian non-residents towards family maintenance and savings Personal gifts and donations Donations to religious and charitable institutions in India Grants and donations to governments and charitable institutions established by the governments Receipts/Refund of taxes Receipts on account of migrant transfers including Personal Effects Compensation of employees Inward remittance towards interest on loans extended to non- residents (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 P1410 P1411 Inward remittance of dividends (on equity and investment fund shares) by Indian FDI Enterprises, other than branches, operating abroad Inward remittance on account of interest payment by Indian FDI enterprises operating abroad to their Parent company in India. Inward remittance of interest income on account of Portfolio Investment made abroad by India P1412 P1499 Inward remittance of dividends on account of Portfolio Investment made abroad b....
X X X X Extracts X X X X
X X X X Extracts X X X X
....equivalent & above Rs.5 lakhs (Currency-wise Totals) Opening Balance (Debit Balance in Mirror/Debit Balance in Vostro) Closing Balance (Debit Balance in Mirror/Debit Balance in Vostro) Opening Balance (Credit Balance in Mirror/Credit Balance in Vostro) Closing Balance (Credit Balance in Mirror/Credit Balance in Vostro) *- 'Merchanting' here refers to purchase/sale of goods from/to a non-resident combined with subsequent resale of the same goods to another non-resident without goods being present in the compiling economy (resident's economy). Essentially, goods transaction would be termed as 'merchanting' if goods acquired do not enter the territory of the compiling (resident's) economy and secondly, goods being acquired do not undergo any transformation before being resold or repurchased Page 16 of 18 Annex II: FETERS File Layouts 1. BANKCODE_BOP6.TXT relating to transactions involving sale and purchase of foreign exchange (excluding inter-office, inter-bank, RBI transactions) during the reporting fortnight Remarks Field AD Code Fortnight-end Date Format Char (7) YYYYMMDD BSR Part-1 Uniform Code Transaction Date YYYYMMDD Valid date within fortnight Serial....