9911796707
TMI BlogCompilation of R-Returns: Reporting under FETERS.X X X X Extracts X X X X X X X X Extracts X X X X ..... ted March 13, 2004 giving guidelines for compilation of R-Returns and reporting under the Foreign Exchange Transactions Electronic Reporting System (FETERS), and also the A.P.(DIR Series) Circular No. 30 dated February 25, 2008 on the move from the system of branch-wise reporting to bank-wise reporting under the FETERS. 2. Several subsequent developments have necessitated further ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y (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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ons (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. 4. The revised Guidelines for Submission of Data under the FETERS are attached herewith. 5. The directions contained in this circ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r review, the Reserve Bank has advised the AD Category-I banks about the following changes in reporting of R-Returns under FETERS 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 have been revised. Accordingly, all AD Category-I banks should report all foreign exch ..... X X X X Extracts X X X X X X X X Extracts X X X X
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