RBI Issues Format for eXtensible Business Reporting Language (XBRL) System to Replace Manual BEF

[RBI Circular No. 110 dated 18th June 2015]

Sub: BEF statement - Submission under XBRL

Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A.P (DIR Series) Circular No.106 dated June 19, 2003 and A.P. (DIR Series) Circular No.09 dated August 18, 2003, in terms of which AD Category - I banks were required to submit BEF statement, to respective regional offices of Reserve Bank of India, in the prescribed format, on half yearly basis.

2. It has been decided to move from manual reporting of above mentioned statement to eXtensible Business Reporting Language (XBRL) system from half year ended June 2015. With effect from the half year ending June 2015, BEF submission would be online and Bank-wise instead of the present system of branch-wise submission, to the respective Regional Offices of the RBI.

3. Earlier, banks used to submit BEF data in part I & II on incremental basis. However, in the proposed module, AD banks have to submit data in a single format (Annex I) giving details of all remittances for import exceeding USD 100,000, as on end of June and December of every year, in respect of which importers have defaulted in submission of appropriate document evidencing import within 6 months from the date of remittance. All other instructions remain unchanged.

4. The details may be accessed at https://secweb.rbi.org.in/orfsxbrl/. For Username and password, AD banks are advised to submit the fill-in form (Annex II) through email on or before June 26, 2015.

5. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.

Annex I

BEF Statement Template

Name of AD bank

 

Statement for the half-year ended

 

 

Information regarding importers who have defaulted in submission of the documentary evidence of import

Sr. No

Authorised Dealer Branch Code

Branch Transaction Reference Number

Importer Exporter Code Number

Name Of the Importer

Address Of the Importer

Import License Number, if any

Date Of Import Licenses

Commodity Code

 

 

 

 

 

 

 

 

 

 

Information regarding importers who have defaulted in submission of the documentary evidence of import

Whether Capital Goods (Y/N)

Date of Remittance

Country Code

Currency

Amount In FC

Rupee Equivalent

Whether PSU (Y/N)

Remark

 

 

 

 

 

 

 

 

 

Name of contact person

 

Designation

 

Place

 

Date

 

Annex II

Contact Information Form* for creation of User id- BEF Statement

(Fill in Capital Letters)

A.

Name of the Bank

 

B.

Contact Information

Do Not Write Here

B.1

Name

 

B.2

Designation

 

B.3

Address

Do Not Write Here

B.3.1

 

 

 

 

 

B.3.2

City

 

B.3.3

State

 

B.3.3

Pin code

 

B.4

Phone No

Do Not Write Here

C.4.1

STD Code

 

C.4.2

Number

 

B.5

Fax

Do Not Write Here

B.4.1

STD Code

 

B.4.2

Number

 

B.6

Email-1

 

B.7

Email-2

 

*Donít keep any column blank. In future, any change should be informed immediately to E-mail (fedcoexport@rbi.org.in).

For RBI use only (Don't write anything below this line)

User ID:

Password: