CIR. NO.76/2002-03-RB, DT. 03/02/2003
- Document type
- Circular
- Reference no.
- C
- Dated
- Category
- A.P. (DIR Series) Circulars
R-Return and Guide to Authorised Dealers for Compilation of R Returns - Submission of documents/statements/schedules-Discontinuation
R-Return and Guide to Authorised Dealers for Compilation of R Returns - Submission of documents/statements/schedules-Discontinuation
2. Authorised Dealers are, however, advised to continue to submit the hard copy of the cover-page, viz. R-Return (NOSTRO) and R-Return (VOSTRO), together with FET-ERS (Version 5.0), in floppy form.
3. The directions contained in the circular have been issued under Section 10(4) and Section 11(l) of the Foreign Exchange Management Act, 1999 (42 of 1999)
Yours faithfully,
Grace Koshie
Chief General Manager
[A.P. (DIR Series) Circular No.76
dated February 3, 2003]
| 15. The following documents / statements / schedules* relating to payments from and receipts in both Nostro and Vostro accounts during the period under report should accompany the respective R-Returns ( * as per the formats enclosed) : (i) Forms A1 and A2/statement of travel transactions in lieu of Forms A2 together with covering schedules duly segregated as under, statement of sales to overseas banks/branches and Forms A3 (in the case of Vostro account) : | Documents to be submitted along with R-Returns | |
| (ii) SCH 1 | (a) for Forms A1 relating to payments below the equivalent to Rs.5,00,000/- towards imports into India | |
| (b) for Forms A1 relating to payments equivalent to Rs.5,00,000/- and above towards imports into India | ||
| (iii) SCH 2 | (a) for Forms A2 relating to payments below the equivalent to Rs.5,00,000/- towards purposes other than imports | |
| (b) for Forms A2 relating to payments equivalent to Rs.5,00,000/- and above towards purposes other than imports | ||
| (iv) ENC Statement | relating to physical exports, bills in respect of which were negotiated , purchased, discounted or sent for collection during the reporting period. | |
| (v) GR/PP/ OFTEX Forms | relating to exports where full export value has been realised, with invoices/accounts sales, etc as enclosures to SCH 3/SCH 5. | |
| (vi) SCH 3 | for exports where full value has been realised | |
| (vii) SCH 4 | for exports where part value has been realised | |
| (viii) SCH 5 | for exports where full value has been received in advance | |
| (ix) SCH 6 | for exports where part value has been received in advance. | |
| (x) | Supplementary statement of receipts, i.e., debits to Mirror (of NOSTRO) accounts or VOSTRO accounts, for purposes other than exports, involving amounts equivalent of Rs.1,00,000/- and above as per the format enclosed. | |
| (xi) | Exchange Control copies of import licences which have been fully utilised/expired, under a covering schedule giving licence numbers and dates. | |
| (xii) | Selected large branches of ADs (critical branches) who have been advised to submit the data relating to sale and purchase transaction with public duly classified purpose-wise, on a floppy, should submit the floppy along with R-Returns. | |