A.P. (DIR Series) Circular No. 25
All Authorised Dealers in
Madam / Sir,
of R-Returns: Reporting under FETERS
Attention of Authorised Dealer
(Category I) banks is invited to A.P. (DIR
Series) Circular No.84 dated February 29, 2012, A.P. (DIR Series) Circular No.15 dated July 28, 2014 and A.P (DIR Series) Circular No.50 dated February 11, 2016 giving
guidelines for compilation of R-Returns for reporting under the Foreign
Exchange Transactions Electronic Reporting System (FETERS).
2. In order to facilitate
compilation of estimates of bilateral trade in services, it has been
decided to incorporate an additional field for capturing the country code
of ultimate exporter/importer in the BoP file-format under FETERS. In case
of export of services, bank may use the transaction information available
with them to report country-code of the ultimate exporting country, whereas
Form-A2 is being revised here for capturing the required country
information for import of services.
3. The details of the additional
field is as follows:
i. BoP file-format under FETERS
Country Code (SWIFT Code) of
To be added at the end of BOP
ii. Form A2 - If payment is for
import of services (Purpose Group Nos. 02, 03, 05, 06, 07, 08, 09 10, 11,
15, 16 or 17), please indicate:
of the country providing ultimate services:................."
The Form A2 (revised) and the
file format (revised) of the BOP file for reporting under FETERS are given
in Annex I and Annex II, respectively.
4. The revised format is for
reporting of R-Returns on fortnightly basis (15th and end-month) for forex
transactions performed w.e.f. April 01, 2019. AD Banks should make the
required changes in their work-flows and information systems to capture the
required additional data accordingly to comply with the guidelines.
5. The directions contained in
this circular have been issued under Sections 10(4) and 11(1) of the
Foreign Exchange Management Act, 1999 (42 of 1999) and are without
prejudice to permissions / approvals, if any, required under any other law.
(Ajay Kumar Mishra)
Chief General Manager -in -Charge