Annexure II
NEW PURPOSE CODES FOR REPORTING FOREX TRANSACTIONS

RECEIPT PURPOSES

Capital Account

.P0001 Repatriation of Indian investment abroad in equity capital (shares)
P0002 Repatriation of Indian investment abroad in debt securities.
P0003 Repatriation of Indian investment abroad in branches
P0004 Repatriation of Indian investment abroad in subsidiaries and associates
P0005 Repatriation of Indian investment abroad in real estate
P0006 Foreign direct investment in India in equity
P0007 Foreign direct investment in India in debt securities
P0008 Foreign direct investment in India in real estate
P0009 Foreign portfolio investment in India in equity shares
P0010 Foreign portfolio investment in India in debt securities including debt funds
PO0 11 Repayment of loans extended to Non- Residents
P0012 Loans from Non-Residents to India
POOH Receipts o/a Non-Resident deposits (FCNRB/NRERA etc.) ADs should report these even if funds are not "swapped" into Rupees.
P0015 Loans & overdrafts taken by ADs on their own account. (Any amount of loan credited to the NOSTRO account which may not be swapped into Rupees should also be reported)
P0016 Purchase of a foreign currency against another currency.
PO0 17 Sale of intangible assets like patents, copyrights, trade marks etc. by Indian companies
PO0 18 Other capital receipts not included elsewhere

Exports (of Goods)

P0101 Value of export bills negotiated / purchased/discounted etc. (covered Group under GR/PP/SOFTEX/EC copy of shipping bills etc.)
P0102 Realisation of export bills (in respect of goods) sent on collection (full invoice value)
P0103 Advance receipts against export contracts (export of goods only)
P0104 Receipts against export of goods not covered by the GR/PP/SOFTEX/EC copy of shipping bill etc.
P0105 Export bills (in respect of goods) sent on collection.
P0106 Conversion of overdue export bills from NPD to collection mode
P0107 Realisation of NPD export bills (full value of bill to be reported)
02 Transportation P0201 Receipts of surplus freight/passenger fare by Indian shipping companies operating abroad
P0202 Purchases, on account of operating expenses of Foreign shipping companies operating in India
P0205 Purchases on account of operational leasing (with crew) - Shipping companies
P0207 Receipts of surplus freight/passenger fare by Indian Airlines companies operating abroad.
P0208 Receipt on account of operating expenses of Foreign Airlines companies operating in India
P0211 * Purchases on account of operational leasing (with crew) -Airlines companies
P0213 Receipts on account of other transportation services (stevedoring, demurrage, port handling charges etc). '


Travel

P0301 Purchases towards travel (Includes purchases of foreign TCs, currency : notes etc over the counter, by hotels, hospitals, Emporiums, Educational institutions etc. as well as amount received bv TT/SWIFT transfers or debit .
P0308 FC surrendered by returning Indian tourists.


04 Communication Service
P0401 Postal services
P0402 Courier services
P0403 Telecommunication services
P0404 Satellite services


05 Construction Service
-P0501 Receipts for cost of construction of services projects in India


06 Insurance Service
P0601 Receipts of life insurance premium
P0602 Receipts of freight insurance - relating to import & export of goods
P0603 Receipts on account of other general insurance premium
P0604 Receipts of Reinsurance premium
P0605 Receipts on account of Auxiliary services { commission on Insurance)
P0606 Receipts on account of settlement of claims


07 Financial Services
P0701 Financial intermediation except investment banking - Bank charges, collection charges, LC charges, cancellation of forward contracts, commission on financia! leasing etc.
P0702 Investment banking - brokerage, underwriting commission etc.
P0703 Auxiliary services - charges on operation & regulatory fees, custodial services, depository services etc.


08 Computer & Information Services
P0801 Hardware consultancy
P0802 Software implementation/consultancy (other than those covered in SOFTEX form)
P0803 Data base, data processing charges
P0804 Repair and maintenance of computer and software
P0805 Mews agency services
P0806 Other information services- Subscription to newspapers,
periodicals, etc.
09 Royalties & P0901 Franchises services - patents.copy License Fees rights, trade marks, industrial
processes, franchises etc.
P0902 Receipts for use, through licensing arrangements, of produced originals or prototypes (such as
manuscripts and films) .


10 Other Business Services


P1001 Merchanting Services – net receipts (from sale and purchase of goods without crossing the border).
P1002 Trade related services - Commission on exports/imports.
P1003 Operational leasing services (other than financial leasing and without operating crew) including charter hire
P1004 Legal services
P1005 Accounting, auditing, book keeping and tax consulting services
P1006 Business and management consultancy and public relations services
P1007 Advertising, trade fair, market research and public opinion polling services
P1008 Research & Development services
P1009 Architectural, engineering and other technical services
P1010 Agricultural, mining and on -site processing services - protection against insects & disease, increasing of harvest yields, forestry services, mining services like analysis of ores etc.
P1011 Inward remittance for maintenance of offices in India
P1012 Distribution services
P1013 Environmental services
P1019 Other services not included elsewhere


11 Personal, Cultural & Recreational services.

P1101 Audio-visual and related services -services and associated fees related to production of motion pictures, rentals, fees received by actors, directors, producers and fees for distribution rights.
P1102 Personal, cultural services such as those related to museums, libraries, archives and sporting activities and fees for correspondence courses of Indian Universities/Institutes

12 Government, not included elsewhere (G.n.i.e.)
P1201 Maintenance of foreign embassies in India
P1203 Maintenance of international institutions such as offices of IMF mission, World Bank, UNICEF etc. in India.

13 Transfers
 P1301 Inward remittance from Indian nonresidents towards family maintenance and savings
P1302 Personal gifts and donations
P1303 Donations to religious and charitable institutions in India
P1304 Grants and donations to governments and charitable institutions established by the governments
P1306 Receipts / Refund of taxes

14 Income 

P1401 Compensation of employees
P1403 Inward remittance towards interest on loans extended to non-residents (ST/MT/LT loans)
P1404 Inward remittance of interest on debt securities - debentures / bonds /FRNsetc,
P1405 Inward remittance towards interest receipts of ADs on their own account (on investments.)
P1406 Repatriation of profits to India
P1407 Receipt of dividends by Indians


15 Others 

P1501 Refunds / rebates on account of imports
P1502 Reversal of wrong entries, refunds of amount remitted for non-imports
P1503 Remittances (receipts) by residents under international bidding process.
P1590 Receipts below $10,000 (say Rs 5,00,000)

PAYMENT PURPOSES


00 Capital Account


S0001 Indian investment abroad -in equity capital (shares)
S0002 Indian investment" abroad -in debt securities
S0003 Indian investment abroad -in branches
S0004 Indian investment abroad -in subsidiaries and associates
S0005 Indian investment abroad -in real estate
S0006 Repatriation of Foreign Direct Investment in India- in equity shares
S0007 Repatriation of Foreign Direct Investment in India- in debt securities
S0008 Repatriation of Foreign Direct Investment in India- in real estate
S0009 Repatriation of Foreign Portfolio Investment in India- in equity shares
S0010 Repatriation of Foreign Portfolio Investment in India- in debt securities
S0011 Loans extended to Non-Residents
S0012 Repayment of loans received from Non- Residents {Long & medium term loans)
S0013 Repayment of short term loans received from Non-Residents
S0014 Repatriation of Non-Resident Deposits (FCNRB/N.RERA etc)
S0015 Repayment of loans & overdrafts taken by ADs on their own account.
S0016 Sale of a foreign currency against another foreiqn currency
S0017 Purchase of intangible assets like patents, copyrights, trade marks etc.
S0018 Other capital payments not included Elsewhere


01 Imports 


S0101 Advance payment against imports
S0 102 Payment towards imports- settlement ofinvoice
S0103 Imports by diplomatic missions
S0104 Intermediary trade
S0190 Imports below Rs. 500.000- (For use by ECD offices


02 Transportation 

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 (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 (with crew) -Airlines companies
S0212 Booking of passages abroad - Airlines companies
S0213 Payments on account of stevedoring, demurrage, port handling charges etc.


03 Travel 

S0301 Remittance towards Business travel.
S0302 Travel under basic travel quota (BTQ)
S0303 Travel for pilgrimage
S0304 Travel for medical treatment
S0305 - Travel for education (including fees, lostel expenses etc.)
S0306 Other travel (international credit cards)


04 Communica-tion Service
S0401 Postal services
S0402 Courier services
S0403 Telecommunication services
S0404 Satellite services

05 Construction Service


S0501 Construction of projects abroad by Indian companies including import of goods at project site
S0502 Payments for cost of construction etc. of projects executed by foreign companies in India.


06 Insurance Service


S0601 Payments for Life insurance premium
S0602 Freight insurance - relating to import & export of goods
S0603 Other general insurance premium
S0604 Reinsurance premium
S0605 Auxiliary services (commission on insurance)
S0606 Settlement of claims


07 Financial Services

S0701 Financial intermediation except investment banking - Bank charges, collection charges, LC charges, cancellation of forward contracts, commission on financial leasing etc.
S0702 Investment banking - brokerage, underwriting commission etc.
S0703 Auxiliary services - charges on operat ion & regulatory fees, custodial services, depository services etc.

08 Computer & Information Services


S0801 Hardware consultancy
S0802 Software implementation/consultancy
S0803 Data base, data processing charges
S0804 Repair and maintenance of computer And software
S0805 slews agency services
S0806 Other information services-Subscription to newspapers, periodicals


09 Royalties & License Fees


S0901 Franchises services - patents, copyrights, trade marks, industrial processes, franchises etc.
S0902 Payment for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films)


10 Other 

S1001 Merchanting services –net payments (f rom Sale & purchase of goods without crossing the border).
S1002 Trade related services - commission on exports / imports
S1003 Operational leasing services (other than financial leasing) without operating crew, including charter hire
S1004 Legal services
S1005 Accounting, auditing, book keeping and tax consulting services
S1006 Business and management consultancy and public relations Services

S1007 Advertising, trade fair, market research and public opinion polling Service
S1008 Research & Development services
S1009 Architectural, engineering and other technical services
S1010 Agricultural, mining and on-site processing services - protection against insects & Disease, increasing of harvest yields, forestry services, mining services like analysis of ores etc.
S1011 Payments for maintenance of offices Abroad
S1012 Distribution services
S1013 Environmental services
S1019 Other services not included elsewhere


11 Personal, Cultural & Recreational services
S1101 Audio-visual and related services -services and associated fees related to production of motion pictures, rentals, fees received by actors, directors, producers and fees for distribution rights.
S1102 Personal, cultural services such as those related to museums, libraries, archives and sporting activities; fees for correspondence courses abroad.
12 Government not included elsewhere (G.n.i.e.)
S1201 Maintenance of Indian embassies abroad
SI 202 Remittances by foreign embassies in India


13 Transfers 

S1301 Remittance by non-residents towards familyvmaintenance and savings
S1302 Remittance towards personal gifts and donations
S1303 Remittance towards donations to religious andvcharitable institutions abroad
S1304 Remittance towards grants and donations tovother governments and charitable institutionsvestablished by the governments.
S1305 Contributions/donations by the Government tovinternational institutions
S1306 Remittance towards payment / refund of taxes.

14. Income 

S1401 Compensation of employees
S140.2 Remittance towards interest on Non-Resident deposits (FCNRB/NRERA/ NRNRD/NRSR etc.)
S1403 Remittance towards interest on loans from Non- Residents (ST/MT/LT loans)
S1404 Remittance of interest on debt securities - debentures / bonds / FRNs etc.
S1405 Remittance towards interest payment by ADs on their own account (to VOSTRO a/c holders or the OD on NOSTRO a/c.)
S1406 Repatriation of profits
S1407 Payment/ repatriation of dividends


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
S1503 Payments by residents for international bidding
S1504 Crystallize/Cancel export bills

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