Compilation of R-Returns: Reporting under FETERS

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....nks to submit export-related information through EDPMS platform and A.P.(DIR Series) Circular No.15 dated July 28, 2014 which discontinued separate reporting of information in ENC (Export Bills Negotiated / sent for collection) for acknowledgement of receipt of export documents and Sch.3 to 6 (realization of export proceeds) under FETERS. Web based data submission by AD banks 2. In order to enhance the security-level in data submission and further improve data quality, the following modifications shall be effected in the guidelines for submission of data under the FETERS from 1st fortnight of April 2016 (i.e., reporting of those transactions which take place from April 1, 2016): • The present email-based submission will b....

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....purpose codes P0105 [Export bills (in respect of goods) sent on collection - other than Nepal and Bhutan] and P0107 [Realisation of NPD export bills (full value of bill to be reported) - other than Nepal and Bhutan] have become defunct and are, therefore, discontinued. Revision in Form A2 3. Further, in-order to streamline the reporting of the transactions relating to the Liberalised Remittance Scheme (LRS) in FETERS and On-line Return Filing System (ORFS), it has been decided that transactions relating to LRS may be reported under respective FETERS purpose codes (e.g. travel, medical treatment, purchase of immovable property, studies abroad, maintenance of close relatives; etc.) instead of reporting collectively under the purpose cod....

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....actions reported by them in FETERS tallies with that reported by them in ORFS. iii. The Form A2 is also being revised (as per Annex) by introducing a check-box for LRS transactions in the relevant block as follows: Sr. No. Whether under LRS (Yes/No) Purpose Code Description             As per the Annex iv. Further, the 'Application cum Declaration for purchase of foreign exchange under the Liberalised Remittance Scheme of USD 250,000' has been clubbed with Form A2 in order to reduce multiplicity of forms to be filled in by the customers. Online submission of Form A2 by the remitter 4. With a view to facilitating miscellaneous remittances and reducing paperwork associ....