Form A2 of FETERS
Revised for Import of Services
Additional Field for Capturing
Country Code of Ultimate Exporter/Importer in BoP
File Format under FETERS Incorporated
[RBI/2018-2019/145 -A.P. (DIR Series)
Circular No. 25 dated 20 March 2019]
Sub: Compilation 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
|
Field |
Format |
Remarks |
|
Country
Code (SWIFT Code) of ultimate exporter/importer |
Char(2) |
To be added
at the end of BOP file format |
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:
Name 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.