Primary Income purpose codes
Group 14 of RBI’s receipt purpose codes, Primary Income, carries 9 codes. Income on labour and investment: compensation of employees, interest, profits and dividends earned abroad.
Every code in group 14
| Code | RBI wording | eBRC on DGFT |
|---|---|---|
| P1401 | Compensation of employees | Not an export receipt |
| P1403 | Inward remittance towards interest on loans extended to non-residents (ST/MT/LT loans) | Not an export receipt |
| P1405 | Inward remittance towards interest receipts of ADs on their own account (on investments.) | Not an export receipt |
| P1408 | Inward remittance of profit by branches of Indian FDI Enterprises (including bank branches) operating abroad. | Not an export receipt |
| P1409 | Inward remittance of dividends (on equity and investment fund shares) by Indian FDI Enterprises, other than branches, operating abroad | Not an export receipt |
| P1410 | Inward remittance on account of interest payment by Indian FDI enterprises operating abroad to their Parent company in India. | Not an export receipt |
| P1411 | Inward remittance of interest income on account of Portfolio Investment made abroad by India | Not an export receipt |
| P1412 | Inward remittance of dividends on account of Portfolio Investment made abroad by India on equity and investment fund shares | Not an export receipt |
| P1499 | Other income receipts | Not an export receipt |
Where the wording and the rules come from
The wording in the table is RBI’s, from the receipt purpose list in Annex I to A.P. (DIR Series) Circular No. 84 dated 29 February 2012, the list Authorised Dealer banks report foreign exchange receipts against. The eBRC column is DGFT’s, from its General Guidelines for Generating eBRC (last updated 26 March 2024), and each code’s page quotes the rule behind its entry. How the purpose code is checked when a remittance is mapped is in RBI purpose codes on your eBRC.