|
R-Return and Guide to Authorised Dealers for Compilation of R Returns -
Submission of Documents/ Statements/ Schedules - Discontinuation
A.P.
(DIR Series) Circular No. 76 date 3rd February 2003
Attention
of all authorised dealers is invited to paragraph 3 of A.D. (M.A. Series)
Circular No. 11 dated May 16, 2000 read with paragraph 15 of Annexure (viz.
Guide to authorised dealers for compilation of R-Returns) to A.D. (M.A. Series)
Circular No. 12 dated March 11, 1998, in terms of which they are required to
submit documents prescribed therein along with R-Returns. It has now been
decided that with the switch over to Electronic Reporting System in FET-ERS (5.0
version) the submission of documents/ statements/ schedules prescribed in the
said paragraph (copy enclosed) may be discontinued with effect from the first
fortnight of February 2003.
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)
[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/ SOFTEX 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.
|
|
|