A.P. (DIR Series) (2002-2003) Circular No. 76, dated 3-2-2003, Issued by Exchange Control Department, RBI
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(1) of the Foreign Exchange Management Act, 1999 (42 of 1999)