RBI
Revises A-2 Form for Sending Remittances Abroad and List of Purpose Codes
[RBI
Circular No. 05 dated 12th July 2012]
Sub:
Foreign Exchange Management Act, 1999
Submission of Revised A-2 Form
Attention
of Authorised Dealers (ADs) is invited to A.P. (DIR Series) Circular No.77
dated March 13, 2004, in terms of which guidelines for compilation of various
R-Returns were issued to the Authorised Dealers. The purpose codes for foreign
exchange purchase/ sale transactions, used for filling up of the cover page of
R-Return have since been revised, vide A.P.(DIR Series) Circular No. 84 dated
February 29, 2012. It has therefore become necessary to revise the list of
purpose codes appended to Form A-2 also. The revised list of purpose codes
along with Form A-2 are thus annexed for use by the applicants for remittance
of funds abroad.
2. The directions
contained in this circular have been issued under Section 10(4) and Section
11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999).
|
FORM
A2 (For
payments other than imports and remittances covering intermediary trade) Application
for Remittance Abroad |
AD
Code No.________________________ Form
No.___________________________ (To
be filled in by the Authorised Dealer) Serial
No. __________________________ (For
use of Reserve Bank of India) Currency
_______________ Amount _____________ Equivalent
to Rs. _____________________________ (To
be completed by Authorised Dealer) |
I/We
____________________________________
(Name
of applicant remitter)
authorize
__________________________________
(Name
of AD branch)
Savings
Bank/ Current/ RFC/ EEFC A/c. No. __________________ together with their
charges and
*
a) Issue a draft : Beneficiary's Name_____________________
Address
______________________
____________________________
*
b) Effect the foreign exchange remittance directly
1)
Beneficiary's Name __________________
2)
Name and address of the bank ___________________
3)
Account No. ______________________
*
c) Issue travelers cheques for ____________________
*
d) Issue foreign currency notes for _____________________
*
(Strike out whichever is not applicable)
for
the purpose indicated below
(Remitter
should put a tick (√) against an appropriate purpose code. In case of
doubt/ difficulty, the AD bank should be consulted ).
Signature
Date : Name
:
|
Sr.
No. |
Purpose
Group Name |
Purpose
Code |
Description
|
|
|
|
|
|
|
As per the Annex -I |
|||
Declaration
(Under FEMA 1999)
I,
_______________________ declare that
*(1)
The total amount of foreign exchange purchased from or remitted through, all
sources in India during this calendar year including this application is within
USD _____________ (USD ______________
_______________________________________
only) the annual limit prescribed by Reserve Bank of India for the said
purpose.
*(2)
Foreign exchange purchased from you is for the purpose indicated above.
*(Strike
out whichever is not applicable )
Signature
Name
______________________
Date:
|
Annex I: Purpose Codes for Reporting
under FETERS |
|||
|
A. Payment Purposes (for use in BOP file) |
|||
|
Gr.
No. |
Purpose
Group Name |
Purpose
Code |
Description |
|
0
|
Capital
Account |
S0017
|
Acquisition
of non-produced non-financial assets (Purchase of intangible assets like
patents, copyrights, trademarks etc., land acquired by government, use of
natural resources) Government |
|
S0019
|
Acquisition
of non-produced non-financial assets (Purchase of intangible assets like
patents, copyrights, trademarks etc., use of natural resources)
Non-Government |
||
|
S0026
|
Capital
transfers ( Guarantees payments, Investment Grand given by the
government/international organisation, exceptionally large Non-life insurance
claims) Government |
||
|
S0027
|
Capital
transfers ( Guarantees payments, Investment Grand given by the
Non-government, exceptionally large Non-life insurance claims)
Non-Government |
||
|
S0099
|
Other
capital payments not included elsewhere |
||
|
Financial
Account |
|||
|
Foreign
Direct Investments |
S0003
|
Indian
Direct investment abroad (in branches & wholly owned subsidiaries) in
equity Shares |
|
|
S0004
|
Indian
Direct investment abroad (in subsidiaries and associate |
||
|
S0005
|
Indian
investment abroad in real estate |
||
|
S0006
|
Repatriation
of Foreign Direct Investment made by overseas Investors in India in equity
shares |
||
|
S0007
|
Repatriation
of Foreign Direct Investment in made by overseas Investors India in debt
instruments |
||
|
S0008
|
Repatriation
of Foreign Direct Investment made by overseas Investors in India in real
estate |
||
|
Foreign
Portfolio Investments |
S0001
|
Indian
Portfolio investment abroad in equity shares |
|
|
S0002
|
Indian
Portfolio investment abroad in debt instruments |
||
|
S0009
|
Repatriation
of Foreign Portfolio Investment made by overseas Investors in India in
equity shares |
||
|
S0010
|
Repatriation
of Foreign Portfolio Investment made by overseas Investors in India in debt
instruments |
||
|
External
Commercial Borrowings |
S0011
|
Loans
extended to Non-Residents |
|
|
S0012
|
Repayment
of long & medium term loans with original maturity above one year
received from Non-Residents |
||
|
Short
term Loans |
S0013
|
Repayment
of short term loans with original maturity up to one year received from
Non-Residents |
|
|
Banking
Capital |
S0014
|
Repatriation
of Non-Resident Deposits (FCNR(B)/NR(E)RA etc) |
|
|
S0015
|
Repayment
of loans & overdrafts taken by ADs on their own account. |
||
|
S0016
|
Sale
of a foreign currency against another foreign currency |
||
|
Financial
Derivatives and Others |
S0020
|
Payments
made on account of margin payments, premium payment and settlement amount
etc. under Financial derivative transactions. |
|
|
S0021
|
Payments
made on account of sale of share under Employee stock option |
||
|
S0022
|
Investment
in Indian Depositories Receipts (IDRs) |
||
|
S0023
|
Remittances
made under Liberalised Remittance Scheme (LRS) for Individuals |
||
|
External
Assistance |
S0024
|
External
Assistance extended by India. e.g. Loans and advances extended by India
to Foreign governments under various agreements |
|
|
S0025
|
Repayments
made on account of External Assistance received by India. |
||
|
1
|
Transport
|
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/Rental of Vessels (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 / Rental of Vessels (with crew) Airline companies |
||
|
S0212
|
Booking
of passages abroad Airlines companies |
||
|
S0214
|
Payments
on account of stevedoring, demurrage, port handling charges etc.(Shipping
companies) |
||
|
S0215
|
Payments
on account of stevedoring, demurrage, port handling charges, etc.(Airlines
companies) |
||
|
S0216
|
Payments
for Passenger - Shipping companies |
||
|
S0217
|
Other
payments by Shipping companies |
||
|
S0218
|
Payments
for Passenger - Airlines companies |
||
|
S0219
|
Other
Payments by Airlines companies |
||
|
S0220
|
Payments
on account of freight under other modes of transport (Internal Waterways,
Roadways, Railways, Pipeline transports and others) |
||
|
S0221
|
Payments
on account of passenger fare under other modes of transport (Internal
Waterways, Roadways, Railways, Pipeline transports and others) |
||
|
S0222
|
Postal
& Courier services by Air |
||
|
S0223
|
Postal
& Courier services by Sea |
||
|
S0224
|
Postal
& Courier services by others |
||
|
2
|
Travel
|
S0301
|
Business
travel. |
|
S0303
|
Travel
for pilgrimage |
||
|
S0304
|
Travel
for medical treatment |
||
|
S0305
|
Travel
for education (including fees, hostel expenses etc.) |
||
|
S0306
|
Other
travel (including holiday trips and payments for settling international
credit cards transactions) |
||
|
3
|
Construction
Services |
S0501
|
Construction
of projects abroad by Indian companies including import of goods at project
site abroad |
|
S0502
|
Cost
of construction etc. of projects executed by foreign companies in India. |
||
|
4
|
Insurance
and Pension Services |
S0601
|
Life
Insurance premium except term insurance |
|
S0602
|
Freight
insurance relating to import & export of goods |
||
|
S0603
|
Other
general insurance premium including reinsurance premium; and term life
insurance premium |
||
|
S0605
|
Auxiliary
services including commission on insurance |
||
|
S0607
|
Insurance
claim Settlement of non-life insurance; and life insurance (only term
insurance) |
||
|
S0608
|
Life
Insurance Claim Settlements |
||
|
S0609
|
Standardised
guarantee services |
||
|
S0610
|
Premium
for pension funds |
||
|
S0611
|
Periodic
pension entitlements e.g. monthly quarterly or yearly payments of pension
amounts by Indian Pension Fund Companies. |
||
|
S0612
|
Invoking
of standardised guarantees |
||
|
5
|
Financial
Services |
S0701
|
Financial
intermediation, except investment banking - Bank charges, collection charges,
LC charges etc. |
|
S0702
|
Investment
banking brokerage, under writing commission etc. |
||
|
S0703
|
Auxiliary
services charges on operation & regulatory fees, custodial services,
depository services etc. |
||
|
6
|
Telecommunication,
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 |
||
|
S0807
|
Off-site
software imports |
||
|
S0808
|
Telecommunication
services including electronic mail services and voice mail services |
||
|
S0809
|
Satellite
services including space shuttle and rockets etc. |
||
|
7
|
Charges
for the use of intellectual property n.i.e |
S0901
|
Franchises
services |
|
S0902
|
Payment
for use, through licensing arrangements, of produced originals or prototypes
(such as manuscripts and films), patents, copyrights, trademarks and
industrial processes etc. |
||
|
8
|
Other
Business Services |
S1002
|
Trade
related services commission on exports / imports |
|
S1003
|
Operational
leasing services (other than financial leasing) without operating crew,
including charter hire- Airlines companies |
||
|
S1004
|
Legal
services |
||
|
S1005
|
Accounting,
auditing, book-keeping services |
||
|
S1006
|
Business
and management consultancy and public relations services |
||
|
S1007
|
Advertising,
trade fair service |
||
|
S1008
|
Research
& Development services |
||
|
S1009
|
Architectural
services |
||
|
S1010
|
Agricultural
services like protection against insects & disease, increasing of harvest
yields, forestry services. |
||
|
S1011
|
Payments
for maintenance of offices abroad |
||
|
S1013
|
Environmental
Services |
||
|
S1014
|
Engineering
Services |
||
|
S1015
|
Tax
consulting services |
||
|
S1016
|
Market
research and public opinion polling service |
||
|
S1017
|
Publishing
and printing services |
||
|
S1018
|
Mining
services like onsite processing services analysis of ores etc. |
||
|
S1020
|
Commission
agent services |
||
|
S1021
|
Wholesale
and retailing trade services. |
||
|
S1022
|
Operational
leasing services (other than financial leasing) without operating crew,
including charter hire- Shipping companies |
||
|
S1023
|
Other
Technical Services including scientific/space services. |
||
|
S1099
|
Other
services not included elsewhere |
||
|
9
|
Personal,
Cultural & Recreational services |
S1101
|
Audio-visual
and related services like Motion picture and video tape production, distribution
and projection services. |
|
S1103
|
Radio
and television production, distribution and transmission services |
||
|
S1104
|
Entertainment
services |
||
|
S1105
|
Museums,
library and archival services |
||
|
S1106
|
Recreation
and sporting activities services |
||
|
S1107
|
Education
(e.g. fees for correspondence courses abroad ) |
||
|
S1108
|
Health
Service (payment towards services received from hospitals, doctors, nurses, paramedical
and similar services etc. rendered remotely or on-site) |
||
|
S1109
|
Other
Personal, Cultural & Recreational services |
||
|
10
|
Govt.
not included elsewhere (G.n.i.e.) |
S1201
|
Maintenance
of Indian embassies abroad |
|
S1202
|
Remittances
by foreign embassies in India |
||
|
11
|
Secondary
Income |
S1301
|
Remittance
for 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. |
||
|
S1307
|
Outflows
on account of migrant transfers including personal effects |
||
|
12
|
Primary
Income |
S1401
|
Compensation
of employees |
|
S1402
|
Remittance
towards interest on Non-Resident deposits (FCNR(B)/NR(E)RA, etc.) |
||
|
S1403
|
Remittance
towards interest on loans from Non-Residents (ST/MT/LT loans) e.g. External
Commercial Borrowings, Trade Credits, etc. |
||
|
S1405
|
Remittance
towards interest payment by ADs on their own account (to VOSTRO a/c holders
or the OD on NOSTRO a/c.) |
||
|
S1408
|
Remittance
of profit by FDI enterprises in India (by branches of foreign companies
including bank branches) |
||
|
S1409
|
Remittance
of dividends by FDI enterprises in India (other than branches) on equity and
investment fund shares |
||
|
S1410
|
Payment
of interest by FDI enterprises in India to their Parent company abroad. |
||
|
S1411
|
Remittance
of interest income on account of Portfolio Investment in India |
||
|
S1412
|
Remittance
of dividends on account of Portfolio Investment in India on equity and
investment fund shares |
||
|
13
|
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/
crystallised/ cancelled and reversed from suspense account |
||
|
S1505
|
Deemed
Imports (exports between SEZ, EPZs and Domestic tariff areas) |
||
|
14
|
Maintenance
and repair services n.i.e |
S1601
|
Payments
on account of maintenance and repair services rendered for Vessels, ships,
boats, warships, etc. |
|
S1602
|
Payments
on account of maintenance and repair services rendered for aircrafts, space shuttles,
rockets, military aircrafts, helicopters, etc. |
||
|
15
|
Manufacturing
services (goods for processing) |
S1701
|
Payments
for processing of goods |