NEW PURPOSE CODES FOR REPORTING FOREX TRANSACTIONS | ||||||
A. PAYMENT PURPOSES | ||||||
Gr. No. | Purpose Group Name | Purpose Code | Description | |||
0 | Capital Account | S0001 | Indian investment abroad -in equity capital (shares) | |||
S0002 | Indian investment abroad -in debt securities | |||||
S0003 | Indian investment abroad -in branches & wholly owned subsidiaries | |||||
S0004 | Indian investment abroad -in subsidiaries and associates | |||||
S0005 | Indian investment abroad -in real estate | |||||
S0006 | Repatriation of Foreign Direct Investment in India- in equity shares | |||||
S0007 | Repatriation of Foreign Direct Investment in India- in debt securities | |||||
S0008 | Repatriation of Foreign Direct Investment in India- in real estate | |||||
S0009 | Repatriation of Foreign Portfolio Investment in India- in equity shares | |||||
S0010 | Repatriation of Foreign Portfolio Investment in India- in debt securities | |||||
S0011 | Loans extended to Non-Residents | |||||
S0012 | Repayment of long & medium term loans with original maturity above one year received from Non-Residents | |||||
S0013 | Repayment of short term loans with original maturity upto one year received from Non-Residents | |||||
S0014 | Repatriation of Non-Resident Deposits (FCNRB/NRERA etc) | |||||
S0015 | Repayment of loans & overdrafts taken by ADs on their own account. | |||||
S0016 | Sale of a foreign currency against another foreign currency | |||||
S0017 | Purchase of intangible assets like patents, copyrights, trade marks etc. | |||||
S0018 | Other capital payments not included elsewhere | |||||
1 | Imports | S0101 | Advance payment against imports | |||
S0102 | Payment towards imports- settlement of invoice | |||||
S0103 | Imports by diplomatic missions | |||||
S0104 | Intermediary trade | |||||
2 | Transportation | S0201 | Payments for surplus freight/passenger fare by foreign shipping companies operating in India. | |||
S0202 | Payment for operating expenses of Indian shipping companies operating abroad. | |||||
S0203 | Freight on imports – Shipping companies | |||||
S0204 | Freight on exports – Shipping companies | |||||
S0205 | Operational leasing (with crew) – Shipping companies | |||||
S0206 | Booking of passages abroad – Shipping companies | |||||
S0207 | Payments for surplus freight/passenger fare by foreign Airlines companies operating in India. | |||||
S0208 | Operating expenses of Indian Airlines companies operating abroad | |||||
S0209 | Freight on imports – Airlines companies | |||||
S0210 | Freight on exports – Airlines companies | |||||
S0211 | Operational leasing (with crew) – Airlines companies | |||||
S0212 | Booking of passages abroad – Airlines companies | |||||
S0213 | Payments on account of stevedoring, demurrage, port handling charges etc. | |||||
3 | Travel | S0301 | Remittance towards Business travel. | |||
S0302 | Travel under basic travel quota (BTQ) | |||||
S0303 | Travel for pilgrimage | |||||
S0304 | Travel for medical treatment | |||||
S0305 | Travel for education (including fees, hostel expenses etc.) | |||||
S0306 | Other travel (international credit cards) | |||||
4 | Communication Services | S0401 | Postal services | |||
S0402 | Courier services | |||||
S0403 | Telecommunication services | |||||
S0404 | Satellite services | |||||
5 | Construction Services | S0501 | Construction of projects abroad by Indian companies including import of goods at project site | |||
S0502 | Payments for cost of construction etc. of projects executed by foreign companies in India. | |||||
6 | Insurance Services | S0601 | Payments for Life insurance premium | |||
S0602 | Freight insurance – relating to import & export of goods | |||||
S0603 | Other general insurance premium | |||||
S0604 | Reinsurance premium | |||||
S0605 | Auxiliary services (commission on insurance) | |||||
S0606 | Settlement of claims | |||||
7 | Financial Services | S0701 | Financial intermediation except investment banking – Bank charges, collection charges, LC charges, cancellation of forward contracts, commission on financial leasing etc. | |||
S0702 | Investment banking – brokerage, under writing commission etc. | |||||
S0703 | Auxiliary services – charges on operation & regulatory fees, custodial services, depository services etc. | |||||
8 | Computer & Information Services | S0801 | Hardware consultancy/implementation | |||
S0802 | Software consultancy / implementation | |||||
S0803 | Data base, data processing charges | |||||
S0804 | Repair and maintenance of computer and software | |||||
S0805 | News agency services | |||||
S0806 | Other information services- Subscription to newspapers, periodicals | |||||
9 | Royalties & License Fees | S0901 | Franchises services – patents, copyrights, trade marks, industrial processes, franchises etc. | |||
S0902 | Payment for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films) | |||||
10 | Other Business Services | S1001 | Merchanting services –net payments (from Sale & purchase of goods without crossing the border) | |||
S1002 | Trade related services – commission on exports / imports | |||||
S1003 | Operational leasing services (other than financial leasing) without operating crew, including charter hire | |||||
S1004 | Legal services | |||||
S1005 | Accounting, auditing, book keeping and tax consulting services | |||||
S1006 | Business and management consultancy and public relations services | |||||
S1007 | Advertising, trade fair, market research and public opinion polling service | |||||
S1008 | Research & Development services | |||||
S1009 | Architectural, engineering and other technical services | |||||
S1010 | Agricultural, mining and on–site processing services – protection against insects & disease, increasing of harvest yields, forestry services, mining services like analysis of ores etc. | |||||
S1011 | Payments for maintenance of offices abroad | |||||
S1012 | Distribution Services | |||||
S1013 | Environmental Services | |||||
S1019 | Other services not included elsewhere | |||||
11 | Personal, Cultural & Recreational services | S1101 | Audio-visual and related services – services and associated fees related to production of motion pictures, rentals, fees received by actors, directors, producers and fees for distribution rights. | |||
S1102 | Personal, cultural services such as those related to museums, libraries, archives and sporting activities; fees for correspondence courses abroad. | |||||
12 | Govt. not included elsewhere (G.n.i.e.) | S1201 | Maintenance of Indian embassies abroad | |||
S1202 | Remittances by foreign embassies in India | |||||
13 | Transfers | S1301 | Remittance by non-residents towards family maintenance and savings | |||
S1302 | Remittance towards personal gifts and donations | |||||
S1303 | Remittance towards donations to religious and charitable institutions abroad | |||||
S1304 | Remittance towards grants and donations to other governments and charitable institutions established by the governments. | |||||
S1305 | Contributions/donations by the Government to international institutions | |||||
S1306 | Remittance towards payment / refund of taxes. | |||||
14 | Income | S1401 | Compensation of employees | |||
S1402 | 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 their own account (to VOSTRO a/c holders or the OD on NOSTRO a/c.) | |||||
S1406 | Repatriation of profits | |||||
S1407 | Payment / repatriation of dividends | |||||
15 | Others | S1501 | Refunds / rebates / reduction in invoice value on account of exports | |||
S1502 | Reversal of wrong entries, refunds of amount remitted for non-exports | |||||
S1503 | Payments by residents for international bidding | |||||
S1504 | Notional sales when export bills negotiated/ purchased/ discounted are dishonored/ crystallized/ cancelled and reversed from suspense account | |||||
NEW PURPOSE CODES FOR REPORTING FOREX TRANSACTIONS | ||||||
B. RECEIPT PURPOSES | ||||||
Gr. No. | Purpose Group Name | Purpose Code | Description | |||
0 | Capital Account | P0001 | Repatriation of Indian investment abroad in equity capital (shares) | |||
P0002 | Repatriation of Indian investment abroad in debt securities. | |||||
P0003 | Repatriation of Indian investment abroad in branches & wholly owned subsidiaries | |||||
P0004 | Repatriation of Indian investment abroad in subsidiaries and associates | |||||
P0005 | Repatriation of Indian investment abroad in real estate | |||||
P0006 | Foreign direct investment in India in equity | |||||
P0007 | Foreign direct investment in India in debt securities | |||||
P0008 | Foreign direct investment in India in real estate | |||||
P0009 | Foreign portfolio investment in India in equity shares | |||||
P0010 | Foreign portfolio investment in India in debt securities including debt funds | |||||
P0011 | Repayment of loans extended to Non-Residents | |||||
P0012 | Long & medium term loans with original maturity above one year from Non-Residents to India | |||||
P0013 | Short term loans with original maturity upto one year from Non-Residents to India | |||||
P0014 | Receipts o/a Non-Resident deposits (FCNRB/NRERA etc.) ADs should report these even if funds are not “swapped” into Rupees. | |||||
P0015 | Loans & overdrafts taken by ADs on their own account. (Any amount of loan credited to the NOSTRO account which may not be swapped into Rupees should also be reported) | |||||
P0016 | Purchase of a foreign currency against another currency. | |||||
P0017 | Sale of intangible assets like patents, copyrights, trade marks etc. by Indian companies | |||||
P0018 | Other capital receipts not included elsewhere | |||||
1 | Exports (of Goods) | P0101 | Value of export bills negotiated / purchased/discounted etc. (covered under GR/PP/SOFTEX/EC copy of shipping bills etc.) | |||
P0102 | Realisation of export bills (in respect of goods) sent on collection (full invoice value) | |||||
P0103 | Advance receipts against export contracts, which will be covered later by GR/PP/SOFTEX/SDF | |||||
P0104 | Receipts against export of goods not covered by the GR/PP/SOFTEX/EC copy of shipping bill etc. | |||||
P0105 | Export bills (in respect of goods) sent on collection. | |||||
P0106 | Conversion of overdue export bills from NPD to collection mode | |||||
P0107 | Realisation of NPD export bills (full value of bill to be reported) | |||||
2 | Transportation | P0201 | 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 | Purchases on account of operational leasing (with crew) – Shipping companies | |||||
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 | Purchases on account of operational leasing (with crew) – Airlines companies | |||||
P0213 | Receipts on account of other transportation services (stevedoring, demurrage, port handling charges etc). | |||||
3 | Travel | P0301 | Purchases towards travel (Includes purchases of foreign TCs, currency notes etc over the counter, by hotels, hospitals, Emporiums, Educational institutions etc. as well as amount received by TT/SWIFT transfers or debit to Non-Resident account). | |||
P0308 | FC surrendered by returning Indian tourists. | |||||
4 | Communication Services | P0401 | Postal services | |||
P0402 | Courier services | |||||
P0403 | Telecommunication services | |||||
P0404 | Satellite services | |||||
5 | Construction Services | P0501 | Receipts for cost of construction of services projects in India | |||
6 | Insurance Services | P0601 | Receipts of life insurance premium | |||
P0602 | Receipts of freight insurance – relating to import & export of goods | |||||
P0603 | Receipts on account of other general insurance premium | |||||
P0604 | Receipts of Reinsurance premium | |||||
P0605 | Receipts on account of Auxiliary services (commission on insurance) | |||||
P0606 | Receipts on account of settlement of claims | |||||
7 | Financial Services | P0701 | Financial intermediation except investment banking – Bank charges, collection charges, LC charges, cancellation of forward contracts, commission on financial leasing etc. | |||
P0702 | Investment banking – brokerage, under writing commission etc. | |||||
P0703 | Auxiliary services – charges on operation & regulatory fees, custodial services, depository services etc. | |||||
8 | Computer & Information Services | P0801 | Hardware consultancy/implementation | |||
P0802 | Software consultancy/implementation (other than those covered in SOFTEX form) | |||||
P0803 | Data base, data processing charges | |||||
P0804 | Repair and maintenance of computer and software | |||||
P0805 | News agency services | |||||
P0806 | Other information services- Subscription to newspapers, periodicals, etc. | |||||
P0807 | Off site Software Exports | |||||
9 | Royalties & License Fees | P0901 | Franchises services – patents,copy rights, trade marks, industrial processes, franchises etc. | |||
P0902 | Receipts for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films) | |||||
10 | Other Business Services | P1001 | Merchanting Services – net receipt (from sale and purchase of goods without crossing the border). | |||
P1002 | Trade related services – Commission on exports/imports. | |||||
P1003 | Operational leasing services (other than financial leasing and without operating crew) including charter hire | |||||
P1004 | Legal services | |||||
P1005 | Accounting, auditing, book keeping and tax consulting services | |||||
P1006 | Business and management consultancy and public relations services | |||||
P1007 | Advertising, trade fair, market research and public opinion polling services | |||||
P1008 | Research & Development services | |||||
P1009 | Architectural, engineering and other technical services | |||||
P1010 | 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 | Inward remittance for maintenance of offices in India | |||||
P1012 | Distribution Services | |||||
P1013 | Environmental Services | |||||
P1019 | Other services not included elsewhere | |||||
11 | Personal, Cultural & Recreational services | P1101 | Audio-visual and related services – services and associated fees related to production of motion pictures, rentals, fees received by actors, directors, producers and fees for distribution rights. | |||
P1102 | Personal, cultural services such as those related to museums, libraries, archives and sporting activities and fees for correspondence courses of Indian Universities/Institutes | |||||
12 | Govt. not included elsewhere (G.n.i.e.) | P1201 | Maintenance of foreign embassies in India | |||
P1203 | Maintenance of international institutions such as offices of IMF mission, World Bank, UNICEF etc. in India. | |||||
13 | Transfers | P1301 | Inward remittance from Indian non-residents towards family maintenance and savings | |||
P1302 | Personal gifts and donations | |||||
P1303 | Donations to religious and charitable institutions in India | |||||
P1304 | Grants and donations to governments and charitable institutions established by the governments | |||||
P1306 | Receipts / Refund of taxes | |||||
14 | Income | P1401 | Compensation of employees | |||
P1403 | Inward remittance towards interest on loans extended to non-residents (ST/MT/LT loans) | |||||
P1404 | Inward remittance of interest on debt securities –debentures / bonds /FRNs etc. | |||||
P1405 | Inward remittance towards interest receipts of ADs on their own account (on investments.) | |||||
P1406 | Repatriation of profits to India | |||||
P1407 | Receipt of dividends by Indians | |||||
15 | Others | P1501 | Refunds / rebates on account of imports | |||
P1502 | Reversal of wrong entries, refunds of amount remitted for non-imports | |||||
P1503 | Remittances (receipts) by residents under international bidding process. | |||||
NEW PURPOSE CODES FOR REPORTING FOR FOREX TRANSACTIONS | ||||||
C. COVER PAGE | ||||||
PURPOSES | ||||||
Gr. No. | Purpose Group Name | Purpose Code | Description | |||
99 | Cover Page Total | P0091 | Purchase from Reserve Bank of India (Currency-wise Totals) | |||
P0092 | Purchase from other ADs in India (Currency-wise Totals) | |||||
P0093 | Purchase from Overseas banks & correspondents (Currency-wise Totals) | |||||
P0094 | debit from the vostro a/c of overseas bank or correspondents (Country-wise Totals) | |||||
P0095 | Aggregate Purchases at Branches (Currency-wise Totals) | |||||
P0100 | Exports (Totals) {N/P/D + Collection bills Realised during Fortnight + Advance received during Fortnight} (Purchases from Public against exports (Currency-wise Totals)} | |||||
P0144 | Purchases from Public against third country exports (Currency-wise Totals) | |||||
P1590 | receipts below Rs. 5,00,000 (Currency-wise Totals) | |||||
P1591 | Non-Exports equivalent & above Rs. 5,00,000 | |||||
S0091 | Sales to Reserve Bank of India (Currency-wise Totals) | |||||
S0092 | Sales to other ADs in India (Currency-wise Totals) | |||||
S0093 | Sales to Overseas banks & correspondents (Currency-wise Totals) | |||||
S0094 | credit to the vostro a/c of overseas bank or correspondents (Country-wise Totals) | |||||
S0095 | Aggregate Sales at Branches (Currency-wise Totals) | |||||
S0144 | Sales to Public against Imports into other countries (Currency-wise Totals) | |||||
S0190 | Imports below Rs. 500000 (Currency-wise Totals) | |||||
S0191 | Imports equivalent & above Rs. 5 Lakhs (Currency-wise Totals) | |||||
S1590 | Non-Imports payment below Rs 500000 (Currency-wise Totals) | |||||
S1591 | Non-Imports equivalent & above Rs. 5 Lakhs (Currency-wise Totals) | |||||
Cover Page Balance | P2088 | Opening Balance (Debit Balance in Mirror/Debit Balance in Vostro) | ||||
P2199 | Closing Balance (Debit Balance in Mirror/Debit Balance in Vostro) | |||||
S2088 | Opening Balance (Credit Balance in Mirror/Credit Balance in Vostro) | |||||
S2199 | Closing Balance (Credit Balance in Mirror/Credit Balance in Vostro) | |||||