FORM A2 (To be completed by the applicant)

Similar documents
FORM A2 (To be completed by the applicant)

Request for Outward Remittance from NRO account

APPLICATION CUM FORM A2 WITH FEMA DECLARATION For Telegraphic Transfer (TT) / Demand Draft (DD) /Foreign Currency Notes (CN)

Request for Outward Remittance from NRO account

A2 CUM OUTWARD REMITTANCE APPLICATION

NEW PURPOSE CODES FOR REPORTING FOREX TRANSACTIONS PAYMENT PURPOSES. Purpose Code S0001 S0002. S0003 Indian investment abroad -in branches

Appendix I: Purpose of Payment Code

NEW PURPOSE CODES FOR REPORTING FOREX TRANSACTIONS RECEIPT PURPOSES. Purpose Code

RESERVE BANK OF INDIA PAYMENT CODES

Guidelines for Submission of Data: Foreign Exchange Transactions Electronic Reporting System (FETERS) Reporting to RBI: Naming Convention:

COMPILATION OF R-RETURNS - REPORTING UNDER FETERS

RETAIL OUTWARD REMITTANCE APPLICATION A2 CUM LRS DECLARATION

Please refer to the category description to assist you in determining the main category to be used for your transaction type.

Outward Categories. BoPCus categories version 2 & version 3 As received from SARB 23 April 2013

Balance of Payments (BoP) Categories

BoP Codes Outward Forex Transactions

Title Gender Male Female Date of Birth D D M M Y Y Y Y

For Office use: AD Code No Form No Currency Amount Equivalent to Rs. Customer ID Transaction type TR/ FWC Amount TR/ FWC Rate TR/ FWC Ref no.

LIST OF EXTERNAL PAYMENT CODES LEPC 2.1

Conceptual framework and Standard Components of Balance of Payments

Services Transactions Between Residents and Non-residents

(i) 1 FinSurv Reporting System Section B.3 Operations Manual

If you have any queries regarding the above, please feel free to contact our Client Services Group:

If you have any queries regarding the changes, please feel free to contact our Client Services Group:

Brunei Payment Purpose Codes THEN SELECT IF THE PAYMENT GROUP CLASSIFICATION IS... AND YOUR PAYMENT PURPOSE DESCRIPTION IS

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI

Appendix IV: Purpose of Payment Codes (IDR)

»FRY Official Gazette«25/2002 and 34/2002

15 CA &15 CB. Presented by: CA Sheetal Mankani Partner R. C. Jain & Associates LLP. In association with: Rajeev Tahalramani

Activities with abroad F01DGS & F02CMS:

Need for Services Trade Data Collection Present Status and a Roadmap for Future

PUBLIC. Description Food and Live Animals Live animals, meat, dairy products and fish; Vegetables and fruits; and Edible products and feedstuff

Table 1: Balance of Payments 1 -First Quarters of 2017 and 2018, Rs million

Classification Code Purpose Brief Description. I. Goods-Services-Income-Transfers Receipts & payments

Appendix IX: Purpose of Payment Codes (RSD)

Explanatory Notes on Purpose of Payment for payments to Malaysia

EXPLANATORY NOTES 1. June Technical Group on Asymmetry

Deposit and Remittances Foreign Exchange Management Act, 1999

Table 1: Balance of Payments 1 - Second Quarters of 2017 and 2018, Rs million

REGULATIONS GOVERNING FOREIGN CURRENCY ACCOUNTS IN INDIA

Lebanon s Experience

APPENDIX 2 TO ANNEX VIII ICELAND SCHEDULE OF SPECIFIC COMMITMENTS

Documentary Requirements for Reserve Bank Approvals Airline Ticket Sales [applicable only to overseas airlines with offices or agents in Fiji]

CHAMBER OF TAX CONSULTANTS INTENSIVE STUDY COURSE ON FEMA PURCHASE OF IMMOVABLE PROPERTY OUTSIDE INDIA CA RAJESH L. SHAH

Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2000

International Trade in Services Guide to Submission of Data and Service codes

Non-Major Currency Remittance Guide

DIRECTION OF THE CENTRAL BANK OF RUSSIA NO

Master Direction - Miscellaneous

E T E R N I T Y : L AW A P P R I S E

FDI and FATS statistics and tourism

ANNEX N. Reservations by Norway (Chapter IX Investment and Chapter X Trade in services)

Advance Import Payment

Foreign Affiliates Statistics

APPENDIX 1 TO ANNEX X 1 FIRST LIST OF RESERVATIONS OF HONG KONG, CHINA

WORLD TRADE ORGANIZATION

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE Mumbai Notification No. FEMA 5(R)/2016-RB April 01, 2016

UPDATE FOR ECONOMIC AND COMMERCIAL LAWS

CONSOLIDATED TO 1 DECEMBER 2014 LAWS OF SEYCHELLES

ASEAN Australia New Zealand Free Trade Agreement Negotiations NEW ZEALAND S FINAL CONDITIONAL SERVICES SCHEDULE (MODES 1-3) AUGUST

Annex II - Schedule of Peru. All Sectors

Article. RBI replaces Master Directions for Master Circulars. Team Vinod Kothari & Company 21 st January, 2015

Harmonised BOP Reporting for Multinationals Description of the Project and Conclusions at the Attention of the IMF Committee

MULTILATERAL TRADE NEGOTIATIONS

ODI Information System. Direct Investment in a Joint Venture (JV)/Wholly Owned Subsidiary Overseas (WOS) Approval/Reporting of Outward Remittances

Foreign Exchange Management Act, Foreign Travel A.P. (DIR Series) Circular No.19 (October 30, 2000)

Foreign Assets and Liabilities Accounts (FALAs) Guide for reporters November 2018

FOREIGN EXCHANGE TRANSACTIONS

The Government of Japan and the Government of the United States of America,

RBI/ /192 A.P. (DIR Series) Circular No.15 November 30, Exchange Earner's Foreign Currency (EEFC) Account- Liberalisation of Procedure

Cyprus United States of America Double Tax Treaty

ANNEX 7A. Sector or Sub-Sector Limitations on Market Access Limitations on National Treatment Additional Commitments

MALTA. Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Malta

Category Items Description

Convention. between. New Zealand and Japan. for the. Avoidance of Double Taxation. and the Prevention of Fiscal Evasion

FORM ODI. Section A: Details of Indian Party

REVISED FOREX SERVICE CHARGES. Schedule I Export Transactions

Section 2: Schedule of Costa Rica

Other facilities to NRIs/PIO and other Foreign Currency Accounts

GOVERNMENT NOTICE SOUTH AFRICAN REVENUE SERVICE INCOME TAX ACT, 1962

Shah & Modi CHARTERED ACCOUNTANTS

The Chamber of Tax Consultants

Article 10.3 (National Treatment) of Chapter 10 (Investment) or Article 11.3 (National Treatment) of Chapter 11 (Cross Border Trade in Services);

2. The Convention shall not restrict in any manner any exclusion, exemption, deduction, credit, or other allowance now or hereafter accorded:

Tax Index of Financial Data

Agreement for avoidance of double taxation of income with USA Whereas the annexed Convention between the Government of the United States of America

Cyprus Croatia Tax Treaties

(US Thailand Double Taxation Treaty) The Government of the Kingdom of Thailand and the Government of the United States of America,

INTRODUCTION. Situations should be viewed separately based on specific facts of each scenario.

CONVENTION. between THE GOVERNMENT OF BARBADOS. and THE GOVERNMENT OF THE REPUBLIC OF GHANA

1.1. The FNB PayPal Withdraw Service is exclusive to FNB Botswana account holders who are also PayPal account

VAT Flat Rate Scheme. Who can join? How the scheme operates. When is the scheme not available?

Hungary - Singapore Income Tax Treaty (1997)

VAT Flat Rate Scheme

Double Taxation Avoidance Agreement between Taiwan and Singapore

Services. Introduction. Manufacturing Services on Physical Inputs Owned by Others

CITIZENS CHARTER (For Forex Transactions)

4 Valuation of Taxable Service

UK/NETHERLANDS DOUBLE TAXATION CONVENTION AND PROTOCOL SIGNED IN LONDON ON 26 SEPTEMBER 2008

AGREEMENT BETWEEN THE GOVERNMENT OF THE KINGDOM OF BELGIUM AND THE GOVERNMENT OF THE STATE OF QATAR FOR THE AVOIDANCE OF DOUBLE TAXATION

Transcription:

FORM A2 (To be completed by the applicant) 7 Annex (For payments other than imports and remittances covering intermediary trade) Application for Remittance Abroad AD No. Form No. (To be filled in by the Authorised Dealer) Currency Amount Equivalent to Rs. (To be completed by the Authorised Dealer) I/We ( of applicant remitter) PAN No. (For remittances exceeding USD 25,000 and for all capital account transactions) Address authorize ( of AD branch) To debit my Savings Bank/ Current/ RFC/ EEFC A/c. No. together with their charges and * a) Issue a draft : Beneficiary's Address * b) Effect the foreign exchange remittance directly 1) Beneficiary's 2) and address of the bank 3) Account No. * c) Issue travelers cheques for * d) Issue foreign currency notes for Amount (specify currency) * (Strike out whichever is not applicable) for the purpose/s indicated below Sr. No. Whether under LRS (Yes/No) As per the Annex (Remitter should put a tick ( ) against an appropriate purpose code. In case of doubt/ difficulty, the AD bank should be consulted). 7 Inserted vide AP (Dir) series Circular 50 dated February 11, 2016. Prior to insertion it read as Annex 1, which has since been replaced with effect from the same date. 12

Declaration (Under FEMA 1999) 1. # I,. (), hereby declare that the total amount of foreign exchange purchased from or remitted through, all sources in India during the financial year including this application is within the overall limit of the Liberalised Remittance Scheme prescribed by the Reserve Bank of India and certify that the source of funds for making the said remittance belongs to me and the foreign exchange will not be used for prohibited purposes. Details of the remittances made/transactions effected under the Liberalised Remittance Scheme in the current financial year (April- March).... Sl. No Date Amount and address of AD branch/ffmc through which the transaction has been effected 2. # 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 ) the annual limit prescribed by Reserve Bank of India for the said purpose. 3. # Foreign exchange purchased from you is for the purpose indicated above. # (Strike out whichever is not applicable ) Signature of the applicant () Date: Certificate by the Authorised Dealer This is to certify that the remittance is not being made by/ to ineligible entities and that the remittance is in conformity with the instructions issued by the Reserve Bank from time to time under the Scheme. and designation of the authorised official: Stamp and seal Signature: Date: Place: 13

s for Reporting under FETERS A. Payment s (for use in BOP file) 00 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 Financial Account Foreign Direct Investments Foreign Portfolio Investments External Commercial Borrowings S0027 S0099 S0003 S0004 S0005 S0006 S0007 S0008 S0001 S0002 S0009 S0010 S0011 S0012 Capital transfers ( Guarantees payments, Investment Grand given by the Non-government, exceptionally large Non-life insurance claims) Non-Government Other capital payments not included elsewhere Indian Direct investment abroad (in branches & wholly owned subsidiaries) in equity Shares Indian Direct investment abroad (in subsidiaries and associates) in debt instruments Indian investment abroad in real estate Repatriation of Foreign Direct Investment made by overseas Investors in India in equity shares Repatriation of Foreign Direct Investment in made by overseas Investors India in debt instruments Repatriation of Foreign Direct Investment made by overseas Investors in India in real estate Indian Portfolio investment abroad in equity shares Indian Portfolio investment abroad in debt instruments Repatriation of Foreign Portfolio Investment made by overseas Investors in India in equity shares Repatriation of Foreign Portfolio Investment made by overseas Investors in India in debt instruments Loans extended to Non-Residents Repayment of long & medium term loans with original maturity above one year received from Non-Residents Repayment of short term loans with original maturity up to one year received from Non-Residents Short term S0013 Loans 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 S0020 Payments made on account of margin payments, premium payment and Derivatives and settlement amount etc. under Financial derivative transactions. Others S0021 S0022 Payments made on account of sale of share under Employee stock option Investment in Indian Depositories Receipts (IDRs) 14

S0023 Opening of foreign currency account abroad with a bank External Assistance S0024 S0025 External Assistance extended by India. e.g. Loans and advances extended by India to Foreign governments under various agreements Repayments made on account of External Assistance received by India. 01 Imports S0101 Advance payment against imports made to countries other than Nepal and Bhutan S0102 S0103 S0104 S0108 Payment towards imports- settlement of invoice other than Nepal and Bhutan Imports by diplomatic missions other than Nepal and Bhutan Intermediary trade/transit trade, i.e., third country export passing through India Goods acquired under merchanting / Payment against import leg of merchanting trade* S0109 Payments made for Imports from Nepal and Bhutan, if any 02 Transport S0201 Payments for surplus freight/passenger fare by foreign shipping companies operating in India S0202 S0203 S0204 S0205 Payment for operating expenses of Indian shipping companies operating abroad Freight on imports Shipping companies Freight on exports Shipping companies Operational leasing/rental of Vessels (with crew) Shipping companies S0206 S0207 S0208 S0209 S0210 S0211 S0212 S0214 S0215 S0216 S0217 S0218 S0219 S0220 S0221 S0222 S0223 Booking of passages abroad Shipping companies Payments for surplus freight/passenger fare by foreign Airlines companies operating in India Operating expenses of Indian Airlines companies operating abroad Freight on imports Airlines companies Freight on exports Airlines companies Operational leasing / Rental of Vessels (with crew) Airline companies Booking of passages abroad Airlines companies Payments on account of stevedoring, demurrage, port handling charges etc.(shipping companies) Payments on account of stevedoring, demurrage, port handling charges, etc.(airlines companies) Payments for Passenger - Shipping companies Other payments by Shipping companies Payments for Passenger - Airlines companies Other Payments by Airlines companies Payments on account of freight under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports and others) Payments on account of passenger fare under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports and others) Postal & Courier services by Air Postal & Courier services by Sea 15

S0224 Postal & Courier services by others 03 Travel S0301 Business travel. 05 Construction Services 06 Insurance and Pension Services S0303 S0304 S0305 S0306 S0501 S0502 S0601 S0602 S0603 S0605 S0607 S0608 S0609 S0610 Travel for pilgrimage Travel for medical treatment Travel for education (including fees, hostel expenses etc.) Other travel (including holiday trips and payments for settling international credit cards transactions) Construction of projects abroad by Indian companies including import of goods at project site abroad Cost of construction etc. of projects executed by foreign companies in India. Life Insurance premium except term insurance Freight insurance relating to import & export of goods Other general insurance premium including reinsurance premium; and term life insurance premium Auxiliary services including commission on insurance Insurance claim Settlement of non-life insurance; and life insurance (only term insurance) Life Insurance Claim Settlements Standardised guarantee services 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 07 Financial Services S0701 Financial intermediation, except investment banking - Bank charges, collection charges, LC charges etc. 08 Telecommunicatio n, Computer & Information Services 09 Charges for the use of intellectual property (not included elsewhere) 10 Other Business Services S0702 S0703 S0801 S0802 S0803 S0804 S0805 S0806 S0807 S0808 S0809 S0901 S0902 S1002 Investment banking brokerage, under writing commission etc. Auxiliary services charges on operation & regulatory fees, custodial services, depository services etc. Hardware consultancy/implementation Software consultancy / implementation Data base, data processing charges Repair and maintenance of computer and software News agency services Other information services- Subscription to newspapers, periodicals Off-site software imports Telecommunication services including electronic mail services and voice mail services Satellite services including space shuttle and rockets etc. Franchises services Payment for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films), patents, copyrights, trademarks and industrial processes etc. Trade related services commission on exports / imports 16

11 Personal, Cultural & Recreational services 12 Govt. not included elsewhere 13 Secondary Income S1003 S1004 S1005 S1006 S1007 S1008 S1009 S1010 S1011 S1013 S1014 S1015 S1016 S1017 S1018 S1020 S1021 S1022 S1023 S1099 S1101 S1103 Operational leasing services (other than financial leasing) without operating crew, including charter hire- Airlines companies Legal services Accounting, auditing, book-keeping services Business and management consultancy and public relations services Advertising, trade fair service Research & Development services Architectural services Agricultural services like protection against insects & disease, increasing of harvest yields, forestry services. Payments for maintenance of offices abroad Environmental Services Engineering Services Tax consulting services Market research and public opinion polling service Publishing and printing services Mining services like on site processing services analysis of ores etc. Commission agent services Wholesale and retailing trade services. Operational leasing services (other than financial leasing) without operating crew, including charter hire- Shipping companies Other Technical Services including scientific/space services. Other services not included elsewhere Audio-visual and related services like Motion picture and video tape production, distribution and projection services. 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 S1201 S1202 S1301 S1302 S1303 S1304 S1305 S1306 S1307 Other Personal, Cultural & Recreational services Maintenance of Indian embassies abroad Remittances by foreign embassies in India Remittance for family maintenance and savings Remittance towards personal gifts and donations Remittance towards donations to religious and charitable institutions abroad Remittance towards grants and donations to other governments and charitable institutions established by the governments. Contributions/donations by the Government to international institutions Remittance towards payment / refund of taxes. Outflows on account of migrant transfers including personal effects 17

14 Primary Income S1401 Compensation of employees S1402 S1403 S1405 S1408 S1409 S1410 S1411 S1412 Remittance towards interest on Non-Resident deposits (FCNR(B)/NR(E)RA, etc.) Remittance towards interest on loans from Non-Residents (ST/MT/LT loans) e.g. External Commercial Borrowings, Trade Credits, etc. Remittance towards interest payment by ADs on their own account (to VOSTRO a/c holders or the OD on NOSTRO a/c.) Remittance of profit by FDI enterprises in India (by branches of foreign companies including bank branches) Remittance of dividends by FDI enterprises in India (other than branches) on equity and investment fund shares Payment of interest by FDI enterprises in India to their Parent company abroad. Remittance of interest income on account of Portfolio Investment in India Remittance of dividends on account of Portfolio Investment in India on equity and investment fund shares 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 16 Maintenance and repair services (not included elsewhere) 17 Manufacturing services (goods for processing) S1503 S1504 S1505 S1601 S1602 S1701 Payments by residents for international bidding Notional sales when export bills negotiated/ purchased/ discounted are dishonored/ crystallised/ cancelled and reversed from suspense account Deemed Imports (exports between SEZ, EPZs and Domestic tariff areas) Payments on account of maintenance and repair services rendered for Vessels, ships, boats, warships, etc. Payments on account of maintenance and repair services rendered for aircrafts, space shuttles, rockets, military aircrafts, helicopters, etc. Payments for processing of goods 18